|Type||Cadbury Ltd. (Subsidiary)|
|Founded||Birmingham, United Kingdom (1824)|
|Headquarters||Uxbridge, London, United Kingdom|
|Key people||Irene Rosenfeld
(Chairman and CEO)
|Products||See list of Cadbury products|
|Operating income||£559,432,200 (2011)|
|Net income||£447,545,760 (2011)|
Cadbury is a British multinational confectionery company owned by Mondelēz International. It is the second largest confectionery brand in the world after Wrigley's. Cadbury is headquartered in Uxbridge in Greater London and operates in more than fifty countries worldwide.
Cadbury was established in Birmingham in 1824, by John Cadbury who sold tea, coffee and drinking chocolate. Cadbury developed the business with his brother Benjamin, followed by his sons Richard and George. George developed the Bournville estate, a model village designed to give the company's workers improved living conditions. Dairy Milk chocolate, introduced in 1905, used a higher proportion of milk within the recipe compared with rival products. By 1914, the chocolate was the company's best-selling product.
Cadbury merged with J. S. Fry & Sons in 1919, and Schweppes in 1969. Cadbury was a constant constituent of the FTSE 100 from the index's 1984 inception until the company was bought by Kraft Foods in 2010.
- 1 History
- 2 Operations
- 3 Markets
- 4 Advertising
- 5 Executive pay
- 6 Accounting
- 7 Products
- 8 Recent health and safety controversies
- 9 See also
- 10 References
- 11 Further reading
- 12 External links
1824–1900: Early history
In 1824, John Cadbury began selling tea, coffee, and drinking chocolate in Bull Street in Birmingham, England. From 1831 he moved into the production of a variety of cocoa and drinking chocolates, made in a factory in Bridge Street and sold mainly to the wealthy because of the high cost of production. In 1847 John Cadbury became a partner with his brother Benjamin and the company became known as "Cadbury Brothers".
John Cadbury's sons Richard and George took over the business in 1861. At the time of the takeover, the business was in rapid decline: the number of employees had reduced from 20 to 11, and the company was losing money. By 1864 Cadbury was profitable again. The brothers had turned around the business by moving the focus from tea and coffee to chocolate, and by increasing the quality of their products.
The firm's first major breakthrough occurred in 1866 when Richard and George introduced an improved cocoa into Britain. A new cocoa press developed in the Netherlands removed some of the unpalatable cocoa butter from the cocoa bean. The firm began exporting its products in the 1870s. In the 1880s the firm began to produce chocolate confectioneries.
In 1878 the brothers decided to build new premises in countryside four miles from Birmingham. The move to the countryside was unprecedented in business. Better transport access for milk that was inward shipped by canal, and cocoa that was brought in by rail from London, Southampton and Liverpool docks was taken into consideration. With the development of the Birmingham West Suburban Railway along the path of the Worcester and Birmingham Canal, they acquired the Bournbrook estate, comprising 14.5 acres (5.9 ha) of countryside 5 miles (8.0 km) south of the outskirts of Birmingham. Located next to the Stirchley Street railway station, which itself was opposite the canal, they renamed the estate Bournville and opened the Bournville factory the following year.
In 1893, George Cadbury bought 120 acres (49 ha) of land close to the works and planned, at his own expense, a model village which would 'alleviate the evils of modern more cramped living conditions'. By 1900 the estate included 314 cottages and houses set on 330 acres (130 ha) of land. As the Cadbury family were Quakers there were no pubs in the estate.
In 1905, Cadbury launched its Dairy Milk bar, a production of exceptional quality with a higher proportion of milk than previous chocolate bars. Developed by George Cadbury Jr, it was the first time a British company had been able to mass-produce milk chocolate. From the beginning, it had the distinctive purple wrapper. It was a great sales success, and became the company's best selling product by 1914. The stronger Bournville Cocoa line was introduced in 1906. Cadbury Dairy Milk and Bournville Cocoa were to provide the basis for the company's rapid pre-war expansion. In 1910, Cadbury sales overtook those of Fry for the first time.
Cadbury's Milk Tray was first produced in 1915 and continued in production throughout the remainder of the First World War. More than 2,000 of Cadbury's male employees joined the Armed Forces and to support the war effort, Cadbury provided clothing, books and chocolate to soldiers. After the war, the Bournville factory was redeveloped and mass production began in earnest. In 1918, Cadbury opened their first overseas factory in Hobart, Tasmania.
In 1919 Cadbury merged with J. S. Fry & Sons, another leading British chocolate manufacturer, resulting in the integration of well-known brands such as Fry's Chocolate Cream and Fry's Turkish Delight. In 1921, the many small Fry's factories around Bristol were closed down, and production was consolidated at a new factory in Somerdale Factory, outside Bristol.
Cadbury soon expanded its product range with Flake (1920), Creme eggs (1923), Fruit and Nut (1928), and Crunchie (1929) (originally under the Fry's label). By 1930 Cadbury had become the 24th largest British manufacturing company as measured by estimated market value of capital. Cadbury took direct control of the under-performing Fry in 1935. Dairy Milk Whole Nut arrived in 1933, and Roses were introduced in 1938.
Chocolate ceased to be a luxury product and became affordable to the working classes for the first time. By the mid-1930s, Cadbury estimated that 90 percent of the British population could afford to buy chocolate. By 1936, Dairy Milk accounted for 60 percent of the UK milk chocolate market.
During World War II, parts of the Bournville factory were turned over to war work, producing milling machines and seats for fighter aircraft. Workers ploughed football fields to plant crops. As chocolate was regarded as an essential food, it was placed under government supervision for the entire war. The wartime rationing of chocolate ended in 1950, and normal production resumed. Cadbury subsequently invested in new factories and had an increasing demand for their products. In 1952 the Moreton factory was built.
In 1967 Cadbury acquired an Australian confectioner, MacRobertson's, beating a rival bid from Mars. As a result of the takeover, Cadbury built a 60 percent market share in the Australian market.
Schweppes merger (1969)
Cadbury merged with drinks company Schweppes to form Cadbury Schweppes in 1969. Head of Schweppes, Lord Watkinson, became chairman, and Adrian Cadbury became deputy chairman and managing director. The benefits of the merger were to prove elusive.
The merger put an end to Cadbury's close links to its Quaker founding family and its perceived social ethos by instilling a capitalist venturer philosophy in management.
In 1978 the company acquired Peter Paul, the third largest chocolate manufacturer in the United States for $58 million, which gave it a 10 percent share of the world's largest confectionery market. The highly successful Wispa chocolate bar was launched in the North East of England in 1981, and nationwide in 1984. In 1982, trading profits were greater outside of Britain than in the UK for the first time.
In 1986, Cadbury Schweppes sold its Beverages and Foods division to a management buyout known as Premier Brands for £97 million. This saw the company divest itself of such brands as Typhoo Tea, Kenco, Smash and Hartley Chivers jam. The deal also saw Premier take the license for production of Cadbury brand biscuits and drinking chocolate.
Meanwhile, Schweppes switched its alliance in the UK from Pepsi to Coca-Cola, taking a 51 percent stake in the joint venture Coca-Cola Schweppes. The acquisition of Canada Dry doubled its worldwide drinks market share, and it took a 30 percent stake in Dr Pepper. As a result of these acquisitions, Cadbury Schweppes became the third largest soft drinks manufacturer in the world.
Snapple, Mistic and Stewart's (formerly Cable Car Beverage) were sold by Triarc to Cadbury Schweppes in 2000 for $1.45 billion. In October of that same year, Cadbury Schweppes purchased Royal Crown from Triarc.
In March 2007, it was revealed that Cadbury Schweppes was planning to split its business into two separate entities: one focusing on its main chocolate and confectionery market; the other on its US drinks business. The demerger took effect on 2 May 2008, with the drinks business becoming Dr Pepper Snapple Group. In December 2008 it was announced that Cadbury was to sell its Australian beverage unit to Asahi Breweries.
2003 Name rebrand
In 2003, Cadbury dropped the 's' from its name and renamed the brand to Cadbury. The company found that it was a much more suited, rounded name than the previous "Cadbury's". This change was announced on the 19th of December 2002.
In October 2007, Cadbury announced the closure of the Somerdale Factory, Keynsham, formerly part of Fry's. Between 500 and 700 jobs were affected by this change. Production transferred to other plants in England and Poland.
In 2008 Monkhill Confectionery, the Own Label trading division of Cadbury Trebor Bassett was sold to Tangerine Confectionery for £58 million cash. This sale included factories at Pontefract, Cleckheaton and York and a distribution centre near Chesterfield, and the transfer of around 800 employees.
In mid-2009 Cadbury replaced some of the cocoa butter in their non-UK chocolate products with palm oil. Despite stating this was a response to consumer demand to improve taste and texture, there was no "new improved recipe" claim placed on New Zealand labels. Consumer backlash was significant from environmentalists and chocolate lovers. By August 2009, the company announced that it was reverting to the use of cocoa butter in New Zealand. In addition, they would source cocoa beans through Fair Trade channels. In January 2010 prospective buyer Kraft pledged to honour Cadbury's commitment.
Acquisition by Kraft Foods
On 7 September 2009 Kraft Foods made a £10.2 billion (US$16.2 billion) indicative takeover bid for Cadbury. The offer was rejected, with Cadbury stating that it undervalued the company. Kraft launched a formal, hostile bid for Cadbury valuing the firm at £9.8 billion on 9 November 2009. Business Secretary Peter Mandelson warned Kraft not to try to "make a quick buck" from the acquisition of Cadbury.
On 19 January 2010, it was announced that Cadbury and Kraft Foods had reached a deal and that Kraft would purchase Cadbury for £8.40 per share, valuing Cadbury at £11.5bn (US$18.9bn). Kraft, which issued a statement stating that the deal will create a "global confectionery leader", had to borrow £7 billion (US$11.5bn) in order to finance the takeover.
The Hershey Company, based in Pennsylvania, manufactures and distributes Cadbury-branded chocolate (but not its other confectionery) in the United States and has been reported to share Cadbury's "ethos". Hershey had expressed an interest in buying Cadbury because it would broaden its access to faster-growing international markets. But on 22 January 2010, Hershey announced that it would not counter Kraft's final offer.
The acquisition of Cadbury faced widespread disapproval from the British public, as well as groups and organisations including trade union Unite, who fought against the acquisition of the company which, according to Prime Minister Gordon Brown, was very important to the British economy. Unite estimated that a takeover by Kraft could put 30,000 jobs "at risk", and UK shareholders protested over the mergers and acquisitions advisory fees charged by banks. Cadbury's M&A advisers were UBS, Goldman Sachs and Morgan Stanley. Controversially, RBS, a bank 84% owned by the United Kingdom Government, funded the Kraft takeover.
On 2 February 2010, Kraft secured over 71% of Cadbury's shares thus finalising the deal. Kraft had needed to reach 75% of the shares in order to be able to delist Cadbury from the stock market and fully integrate it as part of Kraft. This was achieved on 5 February 2010, and the company announced that Cadbury shares would be de-listed on 8 March 2010.
On 3 February 2010, the Chairman Roger Carr, chief executive Todd Stitzer and chief financial officer Andrew Bonfield all announced their resignations. Stitzer had worked at the company for 27 years.
On 9 February 2010, Kraft announced that they were planning to close the Somerdale Factory, Keynsham, with the loss of 400 jobs. The management explained that existing plans to move production to Poland were too advanced to be realistically reversed, though assurances had been given regarding sustaining the plant. Staff at Keynsham criticised this move, suggesting that they felt betrayed and as if they have been "sacked twice". On 22 April 2010, Phil Rumbol, the man behind the famous Gorilla advertisement, announced his plans to leave the Cadbury company in July following Kraft's takeover.
In June 2010 the Polish division, Cadbury-Wedel, was sold to Lotte of Korea. The European Commission made the sale a condition of the Kraft takeover. As part of the deal Kraft will keep the Cadbury, Hall's and other brands along with two plants in Skarbimierz. Lotte will take over the plant in Warsaw along with the E Wedel brand.
On 4 August 2011, Kraft Foods announced they would be splitting into two companies beginning on 1 October 2012. The confectionery business of Kraft became Mondelēz International, of which Cadbury is a subsidiary.
As of 2013[update] Cadbury operates its head office at the Cadbury House in the Uxbridge Business Park in Uxbridge, London Borough of Hillingdon, England. The building occupies 84,000 square feet (7,800 m2) of space inside Building 3 of the business park. Cadbury, which leases space in the building it occupies, had relocated from central London to its current head office.
Cadbury previously maintained its head office was at 25 Berkeley Square in Mayfair, City of Westminster. In 1992 the company leased the space for £55 per 1 square foot (0.093 m2). In 2002 the company agreed to pay £68.75 per square foot. The Daily Telegraph reported in 2007 that the rent was expected[by whom?] to increase to a "three-figure sum". In 2007 Cadbury Schweppes had announced that it would move to Uxbridge to cut costs. As of that year the head office had 200 employees. After Kraft Foods acquired Cadbury, Kraft announced that the Cadbury head office would remain the "Cadbury House".
Bournville is home to Mondelez's Global Centre of Excellence for Chocolate research and development, so every new chocolate product created by the company anywhere in the world starts life at the Birmingham plant.
|Headquarters||Bournville, Birmingham, England|
The confectionery business in the UK is called Cadbury (formerly Cadbury Trebor Bassett) and, as of August 2004, had eight factories and 3,000 staff in the UK. Biscuits bearing the Cadbury brand, such as Cadbury Fingers, are produced under licence by Burton's Foods. Cadbury also owns Trebor Bassett, Fry's. Maynards
Ice cream based on Cadbury products, like 99 Flake, is made under licence by Frederick's Dairies. Cadbury cakes and chocolate spread are manufactured under licence by Premier Foods, but the cakes were originally part of Cadbury Foods Ltd with factories at Blackpole in Worcester and Moreton on the Wirral, with distribution depots throughout the UK.
Other Kraft subsidiaries in the UK include: Cadbury Two LLP, Cadbury UK Holdings Limited, Cadbury US Holdings Limited, Cadbury Four LLP, Cadbury Holdings Limited, and Cadbury One LLP.
|Headquarters||Coolock, Dublin, Ireland|
Cadbury Ireland Limited is based in Coolock in Dublin. Cadbury opened their first Irish factory in Ossary Road, Dublin in 1933, when the company manufactured and sold just three products. Today, it exports over 200 of its products to 30 countries worldwide, making a contribution of €110 million of Irish trade. Cadbury Ireland uses local ingredients. More than €250 million worth of Cadbury chocolate produced in Ireland is exported every year, bringing Ireland valuable foreign earnings.
Cadbury Ireland operates three factories in Ireland with two in Dublin, in Coolock (where the headquarters of Cadbury Ireland are located) and Tallaght. The third is in Rathmore, County Kerry. Products made by Cadbury in Ireland include Cadbury Dairy Milk, Twirl, Flake, and Boost.
|Headquarters||Parsippany-Troy Hills, New Jersey, United States|
|Products||Trident, Certs, Chiclets, Halls (cough drop)|
Cadbury Adams produces candy, gum, breath mints and cough drops. It is headquartered in Parsippany, New Jersey. The company was formed after the then Cadbury Schweppes purchased the Adams brand from Pfizer in December 2002 for US$4.2 billion.
Cadbury merged with Peter Paul in 1978. Ten years later, The Hershey Company acquired the chocolate business from Cadbury. Accordingly, although the Cadbury group's chocolate products have been sold in the US since 1988, the products are manufactured by Hershey. Before the May 2008 demerger, the North American business also contained beverage unit Cadbury Schweppes Americas Beverages. In 1982, Cadbury Schweppes purchased the Duffy-Mott Company.
Cadbury Adams' products include:
- Discontinued products
Australia and New Zealand
Cadbury operates three Australian factories as well as one in New Zealand; two in Melbourne, Victoria (Ringwood and Scoresby), one in Hobart, Tasmania (Claremont), and one in Dunedin, New Zealand. The Claremont factory was once a popular tourist attraction and operated daily tours; however, the factory ceased running full tours mid-2008, citing health and safety reasons. Cadbury has been upgrading its manufacturing facility at Claremont, Tasmania, Australia, since 2001 
On 27 February 2009 the confectionery and beverages businesses of Cadbury Schweppes in, Australia were formally separated and the beverages business began operating as Schweppes Australia Pty Ltd. In April 2009, Schweppes Australia was acquired by Asahi Breweries.
In late June 2012, Cadbury introduced Marvellous Creations a new chocolate range with three flavours – Peanut Toffee Cookie, Jelly Crunchie Bits or Jelly Popping Candy Beanies covered in Dairy Milk Chocolate.
Cadbury Canada produces and/or imports several products that are sold under the Cadbury and Maynards labels, including the following:
|Founded||19 July 1948|
|Key people||Anand Kripalu, Managing Director|
|Products||Cadbury Dairy Milk, 5-star, Perk, Gems, Eclairs, Oreo and Bournvita|
Cadbury India began its operations in India in 1948 by importing chocolates. It now has manufacturing facilities in Thane, Induri (Pune) and Malanpur (Gwalior), Hyderabad, Bangalore and Baddi (Himachal Pradesh) and sales offices in New Delhi, Mumbai, Kolkata and Chennai. The corporate head office is in Mumbai. The head office is presently situated at Pedder Road, Mumbai, under the name of "Cadbury House". This monumental structure at Pedder Road has been a landmark for the citizens of Mumbai since its creation. Since 1965 Cadbury has also pioneered the development of cocoa cultivation in India. For over two decades, Cadbury has worked with the Kerala Agricultural University to undertake cocoa research.
Cadbury was incorporated in India on 19 July 1948. Currently, Cadbury India operates in five categories – Chocolate confectionery, Beverages, Biscuits, Gum and Candy. Some of the key brands are Cadbury Dairy Milk, Bournvita, 5 Star, Perk, Bournville, Celebrations, Gems, Halls, Éclairs, Bubbaloo, Tang and Oreo. Its products include Cadbury Dairy Milk, Dairy Milk Silk, Bournville, 5-Star, Temptations, Perk, Gems (a version of M&M's), Eclairs, Bournvita, Celebrations, Bilkul  Cadbury Dairy Milk Shots, Toblerone, Halls, Tang and Oreo.
It is the market leader in the chocolate confectionery business with a market share of over 70%.
Cadbury India, on 21 April 2014, changed its name to Mondelez India Foods Limited.
In 2008 Todd Stitzer, Cadbury's CEO, was paid a £2,665,000 bonus. Combined with his annual salary of £985,000 and other payments of £448,000 this gives a total remuneration of over £4 million.
In July 2007, Cadbury Schweppes announced that it would be outsourcing its transactional accounting and order capture functions to Shared Business Services (SBS) centres run by a company called Genpact, (a businesses services provider) in India, China, and Romania. This was to affect all business units and be associated with US and UK functions being transferred to India by the end of 2007, with all units transferred by mid-2009. Depending on the success of this move, other accounting Human Resources functions may follow. This development is likely to lead to the loss of several hundred jobs worldwide, but also to several hundred jobs being created, at lower salaries commensurate with wages paid in developing countries.
Major chocolate brands produced by Cadbury include the bars Dairy Milk, Crunchie, Caramel, Wispa, Boost, Picnic, Flake, Curly Wurly, Chomp, and Fudge; chocolate Buttons; the boxed chocolate brand Milk Tray; and the twist-wrapped chocolates Heroes.
As well as Cadbury's chocolate, the company also owns Maynards and Halls, and is associated with several types of confectionery including former Trebor and Bassett's brands or products such as Liquorice Allsorts, Jelly Babies, Flumps, Mints, Black Jack chews, Trident gum, and Softmints.
Notable product introductions include:
- 1866: Cocoa Essence
- 1875: Easter Eggs
- 1897: Milk Chocolate and Fingers
- 1905: Dairy Milk
- 1908: Bournville
- 1914: Fry's Turkish Delight
- 1915: Milk Tray
- 1920: Flake
- 1923: Creme Egg (launched as Fry's)
- 1926: Cadbury Dairy Milk Fruit & Nut
- 1929: Crunchie (launched as Fry's)
- 1938: Roses
- 1948: Fudge
- 1958: Picnic
- 1960: Dairy Milk Buttons
- 1968: Aztec
- 1970: Curly Wurly
- 1974: Snack
- 1976: Double Decker
- 1981: Wispa (relaunched 2007)
- 1985: Boost
- 1987: Twirl
- 1992: Time Out
- 1995: Wispa Gold (relaunched 2009 and 2011)
- 1996: Fuse
- 2001: Brunch Bar, Dream and Flake Snow
- 2009: Dairy Milk Silk 
- 2010: Dairy Milk Bliss
- 2011: Big Race oreo
- 2012: Marvellous Creations and Crispello
- 2014: Pebbles
- 2014: Bubbly
Recent health and safety controversies
|This article or section may be slanted towards recent events. (January 2014)|
2006 Salmonella scare
On 19 January 2006, Cadbury Schweppes detected a rare strain of the Salmonella bacteria, affecting seven of its products, said to have been caused by a leaking pipe. The leak occurred at its Marlbrook plant, in Herefordshire, which produces chocolate crumb mixture; the mixture is then transported to factories at Bournville and formerly Somerdale to be turned into milk chocolate.
It was not until around six months after the leak was detected that Cadbury Schweppes officially notified the Food Standards Agency, shortly after which it recalled more than a million chocolate bars.
In December 2006, the company announced that the cost of dealing with the contamination would reach £30 million.
In April 2007, Birmingham City Council announced that it would be prosecuting Cadbury Schweppes in relation to three alleged offences of breaching food safety legislation. At that time, the Health Protection Agency identified 31 people who had been infected with Salmonella Montevideo. One of the alleged victims had to be kept on a hospital isolation ward for five days after eating a Cadbury's caramel bar. An investigation being carried out at that time by Herefordshire Council led to a further six charges being brought. The company pleaded guilty to all nine charges, and was fined one million pounds at Birmingham Crown Court—the sentencing of both cases was brought together. Analysts have said the fine is not material to the group, with mitigating factors limiting the fine being that the company quickly admitted its guilt and said it had been mistaken that the infection did not pose a threat to health.
On 10 February 2007, Cadbury announced they would be recalling a range of products due to a labelling error. The products were produced in a factory handling nuts, potential allergens, but this was not made clear on the packaging. As a precaution, all items were recalled.
On 14 September 2007, Cadbury Schweppes investigated a manufacturing error over allergy warning, recalling for the second time in two years thousands of chocolate bars. A printing mistake at Somerdale Factory resulted in the omission of tree nut allergy labels from 250 g Dairy Milk Double Chocolate bars.
On 29 September 2008 Cadbury withdrew all of its 11 chocolate products made in its three Beijing factories, on suspicion of contamination with melamine. The recall affected the mainland China markets, Taiwan, Hong Kong and Australia. Products recalled included Dark Chocolate, a number of products in the 'Dairy Milk' range and Chocolate Éclairs.
2014 pork traces in Malaysia
Cadbury recalled two chocolate products after it was tested positive for traces of pork DNA, namely Cadbury Dairy Milk Hazelnut and Cadbury Dairy Milk Roast Almond. The traces were found during a periodic check for non-halal ingredients in food products by the Ministry of Health in Malaysia which on 24 May 2014 said two of three samples of the company's products may contain pork traces.
On 2 June 2014, Malaysia's Department of Islamic Development (JAKIM) declared that the sample did not contain pig DNA, as claimed in earlier reports. This statement was made after new tests were conducted.
JAKIM reportedly said in a statement that they tested 11 samples of Cadbury Dairy Milk Hazelnut, Cadbury Dairy Milk Roast Almond and other products from the company's factory but none of them tested positive for pork. The investigation followed reports that unscheduled checks had shown that two chocolates produced by Mondelez International Inc., the parent company of Cadbury, violated Islamic law and led to a boycott of all its products in the country last week.
- "Company Profile for Cadbury PLC (CBY)". Retrieved 1 October 2008.[dead link]
- Packaged Food: Euromonitor from trade sources/national statistics (2012)
- Paton, Maynard (2 January 2004). "Twenty Years Of The FTSE 100". The Motley Fool. Retrieved 10 February 2010.
- "Cadbury PLC (UK): Offer by Kraft Foods Inc. (USA) declared Wholly Unconditional – Changes In FTSE Indices". FTSE Group. 2 February 2010. Retrieved 10 February 2010.
- The Creation of a Company Culture: Cadburys, 1861–1931 Charles Dellheim The American Historical Review , Vol. 92, No. 1 (Feb. 1987) , pp. 13–44 Published by: Oxford University Press on behalf of the American Historical Association Article Stable URL: http://www.jstor.org/stable/1862781
- Geoffrey Jones (1984) Multinational Chocolate: Cadbury Overseas, 1918–39, Business History, 26:1, 59–76
- Robert Fitzgerald (2005) Products, Firms and Consumption: Cadbury and the Development of Marketing, 1900–1939, Business History, 47:4, 511–531, DOI: 10.1080/00076790500132977
- Ascribed to Cadbury plc. (19 January 2010). "A history of Cadbury's sweet success". London: Times Online. Retrieved 30 May 2010.
- Fitzgerald, Robert (2007). Rowntree and the Marketing Revolution, 1862–1969. Cambridge University Press. p. 23. ISBN 978-0-521-02378-8.
- "The history of Cadbury Schweppes". Birminghamuk.com. Retrieved 26 April 2013.
- Chris Smith; Michael Rowlinson (1990). Reshaping Work: The Cadbury Experience. Cambridge University Press. pp. 78–82. ISBN 978-0-521-32304-8.
- Cadbury, Deborah (2010). Chocolate Wars: The 150-Year Rivalry Between the World's Greatest Chocolate Makers. PublicAffairs. pp. 267–8. ISBN 978-1-58648-925-0.
- Chris Smith; Michael Rowlinson (1990). Reshaping Work: The Cadbury Experience. Cambridge University Press. pp. 78–80. ISBN 978-0-521-32304-8.
- Hendry, John (1999). European Cases in Strategic Management. Cengage Learning. p. 83. ISBN 1-86152-577-X.
- Chris Smith; Michael Rowlinson (1990). Reshaping Work: The Cadbury Experience. Cambridge University Press. pp. 78–95. ISBN 978-0-521-32304-8.
- Chris Smith; Michael Rowlinson (1990). Reshaping Work: The Cadbury Experience. Cambridge University Press. p. 88. ISBN 978-0-521-32304-8.
- Chris Smith; Michael Rowlinson (1990). Reshaping Work: The Cadbury Experience. Cambridge University Press. p. 93. ISBN 978-0-521-32304-8.
- Hendry, John (1999). European Cases in Strategic Management. Cengage Learning. pp. 81–82. ISBN 1-86152-577-X.
- Holson, Laura M. (18 September 2000). "Cadbury to Pay $1.45 Billion For Snapple". New York Times (New York Times). Retrieved 18 June 2008.
- "Royal Crown Cola Company". New Georgia Encyclopedia. 15 September 2006. Retrieved 18 June 2008.
- "Cadbury plans to split business" – BBC News, 14 March 2007.
- "Cadbury plc Demerger" (Press release). Cadbury plc. 7 May 2008. Retrieved 29 December 2009.[dead link]
- "Cadbury to sell Australian drinks arm". Financial Times. 24 December 2008. Retrieved 17 March 2009.
- "Cadbury factories shed 700 jobs". BBC News. 3 October 2007. Retrieved 5 January 2010.
- Sweet deal as Tangerine buys Monkhill, Yorkshire Post, 18 January 2008
- [dead link] Cadbury Dairy Milk returns to Cocoa Butter only recipe—Official Press Release, August 2009
-  Cadbury Dairy Milk to go Fairtrade in 2010 – Choclovers.com, August 2009
- Severin Carrell, Scotland correspondent (23 January 2010). "Kraft pledges to honour Cadbury's Fairtrade sourcing commitments at Guardian.co.uk". London: Guardian. Retrieved 21 December 2010.
- "Cadbury snubs £10.2bn Kraft move". BBC News. 7 September 2009. Retrieved 7 September 2009.
- "Cadbury rejects hostile Kraft bid". BBC News. 9 November 2009. Retrieved 9 November 2009.
- MacAlister, Terry (4 December 2009). "Don't try to make a quick buck from Cadbury, Mandelson tells Kraft". The Guardian (London). Retrieved 10 January 2010.
- "Cadbury agrees Kraft takeover bid". BBC News (London: BBC). 19 January 2010. Retrieved 19 January 2010.
- Richardson, Tim (16 January 2010). "Get your hands off our sweets!". The Guardian (London). Retrieved 28 April 2010.
- "JP Morgan, BofA gear up to fund Hershey's Cadbury bid". The Business Standard.
- Andrejczak, Matt (22 January 2010). "Hershey: No plans for Cadbury bid". MarketWatch. Retrieved 21 December 2010.
- de la Merced, Michael J. & Nicholson, Chris V. (19 January 2010). "Kraft to Acquire Cadbury in Deal Worth $19 Billion". New York Times.
- Jannarone, John; Curtin, Matthew (16 January 2010). "Hershey's Chocolate Dreams". Wall Street Journal.
- "Keep Cadbury Independent – UK and Irish workers unite to stop Kraft swallowing Cadbury". UniteTheUnion.com.[dead link]
- "Clegg attacks Brown over RBS funding for Cadbury bid". BBC News. 20 January 2010.
- "Debt-heavy Kraft could put 30,000 Cadbury jobs at risk, warns Unite". Unitetheunion.com. Retrieved 21 December 2010.[dead link]
- Wood, Zoe & Treanor, Jill (19 January 2010). "£2m a day cost of Cadbury deal – plus £12m for the boss". The Guardian (London).
- Costello, Miles (18 December 2009). "Big investors call for inquiry into banks’ fees for M&A work". The Times (London).
- Weisenthal, Joe (8 September 2009). "Goldman Sachs, Morgan Stanley Win Big In Kraft-Cadbury's". The Business Insider.
- Taylor, Peter (8 September 2009). "Bankers the big winners in Kraft's tilt for Cadbury". Telegraph (London). Retrieved 28 April 2010.
- Sunderland, Ruth (22 November 2009). "RBS kept client Cadbury in the dark as it prepared to back Kraft's hostile bid". The Guardian (London). Retrieved 28 April 2010.
- "Clegg attacks Brown over RBS funding for Cadbury bid". BBC News. 20 January 2010.
- "Cadbury deal near end, Kraft CEO sees sleep". Reuters. 2 February 2010.
- Cadbury shares to be de-listed BBC News. 5 February 2010
- "Andrew Bonfield was appointed a non-executive director of Kingfisher plc in February 2010".
- Cadbury top bosses to step down BBC News. 3 February 2010
- "Cadbury's Bristol plant to close by 2011". BBC News. 9 February 2010. Retrieved 21 December 2010.
- Warde, Miles (16 March 2010). "Cadbury Keynsham workers 'sacked twice'". BBC News. Retrieved 21 December 2010.
- "Cadbury's marketing director to quit". Newstatesman.com. 22 April 2010. Retrieved 21 December 2010.
- [dead link]
- Contact Us[dead link]. Cadbury plc. Retrieved on 27 April 2010.
- Heap, Richard. Cadbury’s schlep. Property Week. 6 July 2007. Retrieved on 27 April 2010.
- Savills pre-lets new HQ building at record rent for prestigious business park. Reports and Accounts 2007. Savills plc. Retrieved on 27 April 2010.
- Muspratt, Caroline. "Cadbury swaps Mayfair for Uxbridge." The Daily Telegraph. 1 June 2007. Retrieved on 27 April 2010.
- Update on progress made since Kraft Foods acquired Cadbury." Kraft Foods. 31 January 2011. 4/8. Retrieved on 6 February 2011.
- Griffin, Jon. "Cadbury owner Mondelez announces £75m upgrade of Bournville factory". Birmingham Post.
- "Hersheys History". Hersheys.com. Retrieved 5 January 2010.
- "Motts Company History". Motts.com. Retrieved 5 January 2010.
- "Cadbury Chocolate Factory Hobart". Retrieved 2 September 2009.
- "Cadbury Schweppes Confectionery Plant". Packaging Gateway. Retrieved 5 January 2010.[dead link]
- "Cadbury in Australia". Cadbury.com.au. Retrieved 21 December 2010.
- "Cadburys launches new chocolate range".
- "Cadbury Krafts Tang India plan". The Hindu Business Line. 19 November 2010. Retrieved 21 December 2010.[dead link]
- "Cadbury India Ltd. – Company Overview". Cadbury India. Retrieved 29 August 2010.
- "Cadbury India Ltd. – Company Overview". Cadburyindia.com. Retrieved 21 December 2010.
- Singh, Namrata (19 June 2010). "Cadbury India puts in place new top brass". The Times of India. Retrieved 21 December 2010.
- "Businessworld – NO. 22 : CADBURY INDIA". Businessworld.in. 24 April 2007. Retrieved 21 December 2010.[dead link]
- "Cadbury India – Cadbury Schweppes Profile – History of Cadbury India". Iloveindia.com. 21 July 2007. Retrieved 21 December 2010.
- "Cadbury India – Change of name". Press Trust of India. 21 April 2014.
- Cadbury, Deborah (2010). Chocolate Wars: The 150-Year Rivalry Between the World's Greatest Chocolate Makers. PublicAffairs. pp. 269–70. ISBN 978-1-58648-925-0.
- "Todd Stitzer Profile". Forbes.com (Forbes). Retrieved 13 August 2009.
- "Cadbury Schweppes awards contract to Genpact". Scottgolas. typepad.com. 6 July 2007. Retrieved 5 January 2010.
- Cadbury launches CDM Silk
- Cadbury recall after health fears – BBC News, 23 June 2006.
- Cadbury faces salmonella action – BBC News, 23 April 2007.
- Dixon, Rob (23 April 2007). "Lawyer for Salmonella Victims Responds to Potential Legal Action against Cadburys". Sheffield: Irwin Mitchell. Retrieved 10 July 2013.
- Cadbury admits salmonella charges – BBC News, 15 June 2007.
- Cadbury admits salmonella charges – BBC News, 3 July 2007.
- Cadbury gets 1 mln pound salmonella fine[dead link] – Yahoo! News, 16 July 2007.
- Cadbury recall Easter eggs Daily Mail, 10 February 2007
- Cadbury's recall dairy milk double choc bars Foods Standards Agency, 14 September 2007
- "Cadbury Withdraws China Chocolate on Melamine Concern". Reuters (Flex News). 28 September 2008. Retrieved 29 September 2008.[dead link]
- Ng Kang-chung, "Cadbury recalls 11 products after tests reveal melamine", Page A1, South China Morning Post (30 September 2008)
- "Deadly fats: why are we still eating them?". London: The Independent. 10 June 2008. Retrieved 16 June 2008.
- "Pig DNA-tainted Cadbury chocolates were produced locally: Malaysia". Channel Newsasia. 26 May 2014. Retrieved 27 May 2014.
- "Pork in Cadbury's: Malaysian chocolate recalled after DNA traces found". The Guardian (London). 28 May 2014. Retrieved 28 May 2014.
- Varandani, Suman (2 June 2014). "Malaysia’s Top Islamic Body JAKIM Says Cadbury Chocolates Do Not Contain Pork While Muslim Consumer Group Remains Unconvinced". International Business Times. Retrieved 2 September 2014.
- "Cadbury in the USA". Cadbury North America. Retrieved 31 March 2010.[dead link]
- "Dumoulin reference page". Dumoulin Coating Pans France. Archived from the original on 30 September 2007. Retrieved 8 August 2007.
- xhtml "Cadbury Adams USA LLC". Hoovers. Retrieved 31 March 2011.
- Bradley, John (2008). Cadbury's Purple Reign: The Story Behind Chocolate's Best-Loved Brand. John Wiley and Sons Ltd. ISBN 978-0-470-72524-5.
- Cadbury, Deborah (2010). Chocolate Wars: The 150-Year Rivalry Between the World's Greatest Chocolate Makers. PublicAffairs. ISBN 978-1-58648-820-8.
|Wikimedia Commons has media related to Cadbury.|