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104-478: Cadbury , formerly Cadbury's and Cadbury Schweppes , is a British multinational confectionery company owned by Mondelez International (spun off from Kraft Foods ) since 2010. It is the second-largest confectionery brand in the world, after Mars . Cadbury is internationally headquartered in Greater London , and operates in more than 50 countries worldwide. It is known for its Dairy Milk chocolate ,

208-766: A basis in a national ethos , being ultimate without a specific nationhood, and that this lack of an ethos appears in their ways of operating as they enter into contracts with countries that have low human rights or environmental standards . In the world economy facilitated by multinational corporations, capital will increasingly be able to play workers, communities, and nations off against one another as they demand tax, regulation and wage concessions while threatening to move. In other words, increased mobility of multinational corporations benefits capital while workers and communities lose. Some negative outcomes generated by multinational corporations include increased inequality , unemployment , and wage stagnation . Raymond Vernon presents

312-508: A corporation invests in a country in which it is not domiciled, it is called foreign direct investment (FDI). Countries may place restrictions on direct investment; for example, China has historically required partnerships with local firms or special approval for certain types of investments by foreigners, although some of these restrictions were eased in 2019. Similarly, the United States Committee on Foreign Investment in

416-429: A free market system where there is little government interference. As a result, international wealth is maximized with free exchange of goods and services. To many economic liberals, multinational corporations are the vanguard of the liberal order. They are the embodiment par excellence of the liberal ideal of an interdependent world economy. They have taken the integration of national economies beyond trade and money to

520-442: A hot room and leads to the formation of white patches on the surface of the chocolate called fat bloom or chocolate bloom . Cocoa butter from different places has different properties. Malaysian and Indonesian cocoa butter generally crystallizes faster, and into a harder chocolate than Brazilian cocoa butter. Brazilian cocoa butter, after slowly crystallizing, forms a softer chocolate. West African cocoa butter has properties between

624-490: A million troops to help, and by February 1991, Iraqi forces were expelled from Kuwait. Due to the oil boycott from Kuwait and Iran, oil prices rose and quickly recovered. Saudi Arabia once again led OPEC, and thanks to assistance in defending Kuwait, new relations emerged between the USA and OPEC. Operation "Desert Storm" brought mutual dependence among the main oil producers. OPEC continued to influence global oil prices but recognized

728-418: A nontoxic solid at room temperature that melts at body temperature, it is considered an ideal base for medicinal suppositories. For a fat melting around body temperature, cocoa has good stability. This quality, coupled with natural antioxidants , prevents rancidity – giving it a storage life of two to five years. The velvety texture, pleasant fragrance and emollient properties of cocoa butter have made it

832-613: A partner with his brother Benjamin and the company became known as "Cadbury Brothers". In 1847, Cadbury's competitor Fry's of Bristol produced the first chocolate bar (which would be mass-produced as Fry's Chocolate Cream in 1866). Cadbury introduced his brand of the chocolate bar in 1849, and that same year, Cadbury and Fry's chocolate bars were displayed publicly at a trade fair in Bingley Hall , Birmingham. The Cadbury brothers opened an office in London, and, in 1854, they received

936-426: A popular ingredient in products for the skin, such as soaps and lotions . Cocoa butter typically has a melting point of around 34–38 °C (93–100 °F), so chocolate is solid at room temperature but readily melts once inside the mouth . Cocoa butter displays polymorphism , having different crystalline forms with different melting points. Conventionally the assignment of cocoa butter crystalline forms uses

1040-406: 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 in both Australia and New Zealand, with consumers objecting to both the taste from the cheaper formulation, and the use of palm oil given its role in the destruction of rainforests. By August 2009,

1144-724: A subsidiary. In response to diminishing margins in early 2014, Mondelez hired Accenture to implement a US$ 3 billion cost-cutting programme of the company's assets including Cadbury and Oreo . Beginning in 2015, Mondelez began closing Cadbury factories in several developed countries including Ireland, Canada, the United States, and New Zealand and shifting production to "advantaged" country locations like China, India, Brazil, and Mexico. The closure of Cadbury factories in centres such as Dublin , Montreal , Chicago , Philadelphia , and Dunedin in New Zealand generated outcries from

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1248-412: 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. The UK Business Secretary Peter Mandelson warned Kraft not to try to "make a quick buck" from the acquisition of Cadbury. On 19 January 2010, it

1352-654: A £75 million investment in the site, with Cadbury stating it "reinforces Bournville's position at the heart of the British chocolate industry". Bournville is home to Mondelez's Global Centre of Excellence for chocolate research and development, so every new chocolate product created by Cadbury starts life at the Birmingham plant. 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

1456-806: Is cocoa butter. The cocoa nibs are ground to form cocoa mass , also known as cocoa liquor or chocolate liquor. Chocolate liquor is pressed to separate the cocoa butter from the non-fat cocoa solids. Cocoa butter is sometimes deodorized to remove strong or undesirable tastes. Cocoa butter contains a high proportion of saturated fats also with the monounsaturated oleic acid in each triglyceride. The predominant triglycerides are POS, SOS, and POP, where P = palmitic, O = oleic, and S = stearic acid residues. Cocoa butter, unlike non-fat cocoa solids , contains only traces of caffeine and theobromine . Some food manufacturers substitute less expensive materials in place of cocoa butter. Several analytical methods exist for testing for diluted cocoa butter. Adulterated cocoa butter

1560-445: Is indicated by its lighter color and its diminished fluorescence upon ultraviolet illumination. Unlike cocoa butter, adulterated fat tends to smear and have a higher non-saponifiable content. Owing to the high cost of cocoa butter, substitutes have been designed to use as alternatives. In the United States, 100% cocoa butter must be used for the product to be called chocolate. The EU requires that alternative fats not exceed 5% of

1664-407: Is obtained by crystallisation from solvents). A uniform form V crystal structure will result in smooth texture, sheen, and snap. This structure is obtained by chocolate tempering . Melting the cocoa butter in chocolate and then allowing it to solidify without tempering leads to the formation of unstable polymorphic forms of cocoa butter. This can easily happen when chocolate bars are allowed to melt in

1768-410: Is often handled through international arbitration . The actions of multinational corporations are strongly supported by economic liberalism and free market system in a globalized international society. According to the economic realist view, individuals act in rational ways to maximize their self-interest and therefore, when individuals act rationally, markets are created and they function best in

1872-404: Is slightly below human body temperature. It is an essential ingredient of chocolate and related confectionary products. Cocoa butter does not contain butter or other animal products; it is vegan . For use in chocolate manufacture, the cocoa beans are first fermented and then dried. The beans are then roasted and separated from their hulls to produce cocoa nibs. About 54–58% of the cocoa nibs

1976-865: Is usually a large corporation incorporated in one country that produces or sells goods or services in various countries. Two common characteristics shared by MNCs are their large size and centrally controlled worldwide activities. MNCs may gain from their global presence in a variety of ways. First of all, MNCs can benefit from the economy of scale by spreading R&D expenditures and advertising costs over their global sales, pooling global purchasing power over suppliers, and utilizing their technological and managerial experience globally with minimal additional costs. Furthermore, MNCs can use their global presence to take advantage of underpriced labor services available in certain developing countries and gain access to special R&D capabilities residing in advanced foreign countries. The problem of moral and legal constraints upon

2080-525: The Bournville estate, a model village designed to give the company's workers improved living conditions. Dairy Milk chocolate, introduced by George Jr in 1905, used a higher proportion of milk in the recipe than rival products. By 1914, it was the company's best-selling product. Successive members of the Cadbury family have made innovations with chocolate products. Cadbury, Rowntree's and Fry's were

2184-980: The British East India Company founded in 1600 and the Dutch East India Company (VOC) founded in 1602. In addition to carrying on trade between Great Britain and its colonies, the British East India Company became a quasi-government in its own right, with local government officials and its own army in India. Other examples include the Swedish Africa Company founded in 1649 and the Hudson's Bay Company founded in 1670. These early corporations engaged in international trade and exploration and set up trading posts. The Dutch government took over

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2288-583: The Creme Egg and Roses selection box, and many other confectionery products. One of the best-known British brands, in 2013 The Daily Telegraph named Cadbury among Britain's most successful exports. Cadbury was founded in 1824 in Birmingham , England, by John Cadbury (1801–1889), a Quaker who sold tea, coffee and drinking chocolate. Cadbury developed the business with his brother Benjamin, followed by his sons Richard and George . George developed

2392-656: The Moreton factory was built. Cadbury was a holder of a Royal Warrant from Queen Elizabeth II from 1955 to 2022. 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 per cent market share in the Australian market. 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

2496-527: 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. According to the environmental charity Keep Britain Tidy , Cadbury chocolate wrappers along with Walkers crisps packets and Coca-Cola cans were the three top brands that were

2600-425: The royal warrant as manufacturers of chocolate and cocoa to Queen Victoria . The company went into decline in the late 1850s. 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 1866, Cadbury was profitable again. The brothers had turned around

2704-617: The 19th century, such as the Rio Tinto company founded in 1873, which started with the purchase of sulfur and copper mines from the Spanish government. Rio Tinto, now based in London and Melbourne , Australia, has made many acquisitions and expanded globally to mine aluminum , iron ore , copper , uranium , and diamonds . European mines in South Africa began opening in the late 19th century, producing gold and other minerals for

2808-588: The 200th anniversary of Cadbury, including: promotions, celebrations, and seven retro packaging designs for its Cadbury Dairy Milk bars. Cadbury has its head office at Cadbury House in the Uxbridge Business Park in Uxbridge , Greater London , England. The company occupies 84,000 square feet (7,800 m) of leased space inside Building 3 of the business park, which it shares with Mondelez's UK division. After acquiring Cadbury, Kraft confirmed that

2912-417: The British population could readily afford to buy chocolate as it was no longer considered a luxury item for the working classes. By 1936, Dairy Milk accounted for 60 per cent of the UK milk chocolate market. Between the two world wars Cadbury sent test packages to British schoolchildren in exchange for their opinions on new products, one of whom, Roald Dahl , would later write the children's novel Charlie and

3016-578: The Cadbury plant in Bournville was opened in 1879 by company founder John Cadbury's son George , whose aim was that one-tenth of the Bournville estate should be "laid out and used as parks, recreation grounds and open space." It subsequently became known as "the factory in a garden". Cadbury's dark chocolate bar, Bournville , is named after the model village, and was first sold in 1908. Bournville employs almost 1,000 people. In 2014, Mondelez announced

3120-621: 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, Kraft announced that it was 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

3224-662: The Chocolate Factory . During the Second World War, 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

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3328-551: The English language. Senior officials, although mostly still Swedish, all learned English and all major internal documents were in English, the lingua franca of multinational corporations. After the war, the number of businesses having at least one foreign country operation rose drastically from a few thousand to 78,411 in 2007. Meanwhile, 74% of parent companies are located in economically advanced countries. Developing and former communist countries such as China, India, and Brazil are

3432-575: The International Energy Agency (IEA), enabling states to coordinate policy, gather data, and monitor global oil reserves. In the 1970s, OPEC gradually nationalized the Seven Sisters. The Kingdom of Saudi Arabia, as the only largest world oil producer, could leverage this. However, Saudi Arabia opted for the correct approach and maintained consistent oil prices throughout the 1970s. In 1979, the "second oil shock" came from

3536-511: The Netherlands has become a popular choice, as its company laws have fewer requirements for meetings, compensation, and audit committees, and Great Britain had advantages due to laws on withholding dividends and a double-taxation treaty with the United States. Corporations can legally engage in tax avoidance through their choice of jurisdiction but must be careful to avoid illegal tax evasion . Corporations that are broadly active across

3640-558: The OLI framework. The other theoretical dimension of the role of multinational corporations concerns the relationship between the globalization of economic engagement and the culture of national and local responses. This has a history of self-conscious cultural management going back at least to the 60s. For example: Ernest Dichter, architect, of Exxon's international campaign, writing in the Harvard Business Review in 1963,

3744-459: The Own Label trading division of Cadbury Trebor Bassett was sold to Tangerine Confectionery for £58 million. 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

3848-769: The Polish division, Cadbury-Wedel, was sold to Lotte of Korea. As part of the deal Kraft kept the Cadbury, Hall's and other brands along with two plants in Skarbimierz . Lotte took over the plant in Warsaw along with the E Wedel brand. Kandia was sold back to the Meinl family , which had owned the brand from 2003 to 2007. On 4 August 2011, Kraft Foods announced it would be splitting into two companies beginning on 1 October 2012. The snack and confectionery business of Kraft became Mondelez International , of which Cadbury would become

3952-464: The Third World colonies. That changed dramatically after 1945 as investors turned to industrialized countries and invested in manufacturing (especially high-tech electronics, chemicals, drugs, and vehicles) as well as trade. Sweden's leading manufacturing concern was SKF , a leading maker of bearings for machinery. In order to expand its international business, it decided in 1966 it needed to use

4056-770: The Time Out bar in Ireland for the European market however this production was moved to Poland. Cadbury USA 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. American Chicle was purchased by Warner–Lambert in 1962; Warner-Lambert renamed

4160-636: The U.S. applies its corporate taxation "extraterritorially", which has motivated tax inversions to change the home state. By 2019, most OECD nations, with the notable exception of the U.S., had moved to territorial tax in which only revenue inside the border was taxed; however, these nations typically scrutinize foreign income with controlled foreign corporation (CFC) rules to avoid base erosion and profit shifting . In practice, even under an extraterritorial system, taxes may be deferred until remittance, with possible repatriation tax holidays , and subject to foreign tax credits . Countries generally cannot tax

4264-422: 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. It also saw Premier take the licence for production of Cadbury brand biscuits and drinking chocolate. Meanwhile, Schweppes switched its alliance in

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4368-507: The UK from Pepsi to Coca-Cola, taking a 51 per cent stake in the joint venture Coca-Cola Schweppes. The acquisition of Canada Dry doubled its worldwide drinks market share, and it took a 30 per cent stake in Dr Pepper . As a result of these acquisitions, Cadbury Schweppes became the third largest soft drinks manufacturer in the world. In August 1988, the company sold its U.S. confectionery operations to Hershey's for $ 284.5 million cash plus

4472-553: The UK. Mondelez also sells biscuits bearing the Cadbury brand, such as Cadbury Fingers . Mondelez also owns Fry's and Maynards Bassetts (created by merging Bassett's with 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

4576-513: The US chewing gum operations of Pfizer Inc ., for $ 4.2 billion, making Cadbury the world's biggest confectionery company. In 2005, Cadbury Schweppes acquired Green & Black's for £20 million. 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

4680-549: 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, and the company announced that Cadbury shares would be de-listed on 8 March. On 3 February,

4784-541: The United States sanctions against Iran ; European companies faced with the possibility of losing access to the U.S. market by trading with Iran. International investment agreements also facilitate direct investment between two countries, such as the North American Free Trade Agreement and most favored nation status. Raymond Vernon reported in 1977 that of the largest multinationals focused on manufacturing, 250 were headquartered in

4888-506: The United States scrutinizes foreign investments. In addition, corporations may be prohibited from various business transactions by international sanctions or domestic laws. For example, Chinese domestic corporations or citizens have limitations on their ability to make foreign investments outside China, in part to reduce capital outflow . Countries can impose extraterritorial sanctions on foreign corporations even for doing business with other foreign corporations, which occurred in 2019 with

4992-454: 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

5096-614: The United States as the largest consumer and guarantor of the existing oil security order. Since the Iraq War, OPEC has had only a minor influence on oil prices, but it has expanded to 11 members, accounting for about 40 percent of total global oil production, although this is a decline from nearly 50 percent in 1974. Oil has practically become a common commodity, leading to much more volatile prices. Most OPEC members are wealthy, and most remain dependent on oil revenues, which has serious consequences, such as when OPEC members were pressured by

5200-461: The United States from 2010. The USA became the leading oil producer, creating tension with OPEC. In 2014, Saudi Arabia increased production to push new American producers out of the market, leading to lower prices. OPEC then reduced production in 2016 to raise prices, further worsening relations with the United States. By 2012, only 7% of the world's known oil reserves were in countries that allowed private international companies free rein; 65% were in

5304-629: The United States, 115 in Western Europe, 70 in Japan, and 20 in the rest of the world. The multinationals in banking numbered 20 headquartered in the United States, 13 in Europe, nine in Japan and three in Canada. Today multinationals can select from a variety of jurisdictions for various subsidiaries, but the ultimate parent company can select a single legal domicile ; The Economist suggests that

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5408-710: The VOC in 1799, and during the 19th century, other governments increasingly took over private companies, most notably in British India. During the process of decolonization , the European colonial charter companies were disbanded, with the final colonial corporation, the Mozambique Company , dissolving in 1972. Mining of gold, silver, copper, and oil was a major activity early on and remains so today. International mining companies became prominent in Britain in

5512-507: The West to the post-colonial South and invest either in foreign expenditures or ostentatious economic development projects. After 1974, most of the money from OPEC members ceased as payments for goods and services or investments in Western industry. In February 1974, the first Washington Energy Conference was convened. The most significant contribution of this conference was the establishment of

5616-471: 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

5720-912: The assumption of $ 30 million in debt. In 1992, company chairman Sir Adrian Cadbury produced the Cadbury Report (via the Cadbury committee set up by the London Stock Exchange ), a code of best practice which served as a basis for reform of corporate governance around the world. In 1999, Cadbury Schweppes sold its worldwide beverage businesses to The Coca-Cola Company except in North America and continental Europe for $ 700 million. 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 2003, Cadbury Schweppes acquired Adams,

5824-461: 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

5928-469: The behavior of multinational corporations, given that they are effectively "stateless" actors, is one of several urgent global socioeconomic problems that has emerged during the late twentieth century. Potentially, the best concept for analyzing society's governance limitations over modern corporations is the concept of "stateless corporations". Coined at least as early as 1991 in Business Week ,

6032-485: The big three British confectionery manufacturers throughout much of the 19th and 20th centuries. Cadbury was granted its first royal warrant from Queen Victoria in 1854. It held a royal warrant from Elizabeth II from 1955 to 2022. Cadbury merged with J. S. Fry & Sons in 1919, and Schweppes in 1969, known as Cadbury Schweppes until 2008, when the American beverage business was split as Dr Pepper Snapple Group ;

6136-496: The brothers decided to build new premises in countryside four miles (6.4 km) from Birmingham. The move to the countryside was unprecedented in business. Better transport access for milk that was shipped inward 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

6240-414: 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 1850s. In 1861,

6344-742: The collapse of the Shah's regime in Iran. Iran became a regional power due to oil money and American weapons. The Shah eventually abdicated and fled the country. This prompted a strike by thousands of Iranian oil workers, significantly reducing oil production in Iran. Saudi Arabia tried to cope with the crisis by increasing production, but oil prices still soared, leading to the "second oil shock." Saudi Arabia significantly reduced oil production, losing most of its revenues. In 1986, Riyadh changed course, and oil production in Saudi Arabia sharply increased, flooding

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6448-654: The companies. This occurred in 1960. Prior to the 1973 oil crisis , the Seven Sisters controlled around 85 percent of the world's petroleum reserves . In the 1970s, most countries with large reserves nationalized their reserves that had been owned by major oil companies. Since then, industry dominance has shifted to the OPEC cartel and state-owned oil and gas companies, such as Saudi Aramco , Gazprom (Russia), China National Petroleum Corporation , National Iranian Oil Company , PDVSA (Venezuela), Petrobras (Brazil), and Petronas (Malaysia). A unilateral increase in oil prices

6552-453: The company announced that it was reverting to the use of cocoa butter in New Zealand and Australia, although palm oil is still listed as an ingredient in Cadbury's flavoured sugar syrup based fillings (where it referred to as 'vegetable oil'). In addition, Cadbury stated it would source cocoa beans through Fair Trade channels. In January 2010 prospective buyer Kraft pledged to honour Cadbury's commitment. On 7 September 2009, Kraft Foods made

6656-484: The company created Fancy Boxes (a decorated box of chocolates) and, in 1868, they were sold in boxes in the shape of a heart for Valentine's Day . Boxes of filled chocolates quickly became associated with the holiday. Cadbury manufactured their first Easter egg in 1875, creating the modern chocolate Easter egg after developing a pure cocoa butter that could be moulded into smooth shapes. By 1893, Cadbury had 19 different varieties of chocolate Easter egg on sale. In 1878,

6760-539: The company was bought by Kraft Foods Inc. in 2010. On 4 March 1824, John Cadbury , a Quaker , 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

6864-508: The company would remain at Cadbury House. Cadbury relocated to Uxbridge Business Park from its previous head office at 25 Berkeley Square in Mayfair , City of Westminster in 2007 as a cost-saving measure. In 1992, the company leased the space for £55 per square foot (0.093 m); by 2002 this had reached £68.75 per square foot. Located four miles (6.4 km) south of Birmingham in England,

6968-510: The conception was theoretically clarified in 1993: that an empirical strategy for defining a stateless corporation is with analytical tools at the intersection between demographic analysis and transportation research. This intersection is known as logistics management , and it describes the importance of rapidly increasing global mobility of resources. In a long history of analysis of multinational corporations, we are some quarter-century into an era of stateless corporations—corporations that meet

7072-643: The creation of a "world customer". The idea of a global corporate village entailed the management and reconstitution of parochial attachments to one's nation. It involved not a denial of the naturalness of national attachments, but an internationalization of the way a nation defines itself. "Multinational enterprise" (MNE) is the term used by international economist and similarly defined with the multinational corporation (MNC) as an enterprise that controls and manages production establishments, known as plants located in at least two countries. The multinational enterprise (MNE) will engage in foreign direct investment (FDI) as

7176-521: The debate from a neo-liberal perspective in Storm over the Multinationals (1977). Cocoa butter Cocoa butter , also called theobroma oil , is a pale-yellow, edible fat extracted from the cocoa bean ( Theobroma cacao ). It is used to make chocolate , as well as some ointments , toiletries , and pharmaceuticals . Cocoa butter has a cocoa flavor and aroma . Its melting point

7280-614: The drinks business becoming Dr Pepper Snapple Group and Cadbury Schweppes plc becoming Cadbury plc. In December 2008 it was announced that Cadbury was to sell its Australian beverage unit to Asahi Breweries . In October 2007, Cadbury announced the closure of the Somerdale Factory , in Keynsham , Somerset, 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,

7384-481: The firm makes direct investments in host country plants for equity ownership and managerial control to avoid some transaction costs . Sanjaya Lall in 1974 proposed a spectrum of scholarly analysis of multinational corporations, from the political right to the left. He put the business school how-to-do-it writers at the extreme right, followed by the liberal laissez-faire economists, and the neoliberals (they remain right of center but do allow for occasional mistakes of

7488-416: The hands of state-owned companies that operated in one country and sold oil to multinationals such as BP, Shell, ExxonMobil and Chevron. Down through the 1930s, about 80% of the international investments by multinational corporations were concentrated in the primary sector, especially mining (especially oil) and agriculture (rubber, tobacco, sugar, palm oil , coffee, cocoa, and tropical fruits). Most went to

7592-475: 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 Somerdale Factory , outside Bristol. Cadbury 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

7696-576: The international oil market. Iran was unable to sell any of its oil. In August 1953, the then-prime minister was overthrown by a pro-American dictatorship led by the Shah, and in October 1954, the Iranian industry was denationalized. Worldwide oil consumption increased rapidly between 1949 and 1970, a period known as the 'golden age of oil'. This increase in consumption was caused not only by the growth of production by multinational oil companies but also by

7800-415: The internationalization of production. For the first time in history, production, marketing, and investment are being organized on a global scale rather than in terms of isolated national economies. International business is also a specialist field of academic research. Economic theories of the multinational corporation include internalization theory and the eclectic paradigm . The latter is also known as

7904-460: The largest recipients. However, 70% of foreign direct investment went into developed countries in the form of stocks and cash flows. The rise in the number of multinational companies could be due to a stable political environment that encourages cooperation, advances in technology that enable management of faraway regions, and favorable organizational development that encourages business expansion into other countries. A multinational corporation (MNC)

8008-641: The laundry of injured soldiers recovering in the hospitals. 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 . A trainline was also built for easier access to Hobart. Of the 16 women who came to Tasmania to set up the factory, seven are known to have returned to the UK, two married and stayed in Tasmania, two did not marry but stayed and five left no record. In 1919, Cadbury merged with Fry's, resulting in

8112-474: The laws and regulations of both their domicile and the additional jurisdictions where they are engaged in business. In some cases, the jurisdiction can help to avoid burdensome laws, but regulatory statutes often target the "enterprise" with statutory language around "control". As of 1992 , the United States and most OECD countries have the donot legal authority to tax a domiciled parent corporation on its worldwide revenue, including subsidiaries. As of 2019 ,

8216-547: The local populations. The plan received approval from several market shareholders including the Australian and New Zealand banks Westpac and ASB Bank . In January 2017, Cadbury became the official snack partner of the Premier League , and sponsored the Premier League Golden Boot and Premier League Golden Glove awards. On 8 January 2024, Mondelez International announced plans to celebrate

8320-494: The market with cheap oil. This caused a worldwide drop in oil prices, hence the "third oil shock" or "counter-shock." However, this shock represented something much bigger—the end of OPEC's dominance and its control over oil prices. Iraqi President Saddam Hussein decided to attack Kuwait. The invasion sparked a crisis in the Middle East, prompting Saudi Arabia to request assistance from the United States. The United States sent

8424-543: The marketplace such as externalities). Moving to the left side of the line are nationalists, who prioritize national interests over corporate profits, then the "dependencia" school in Latin America that focuses on the evils of imperialism, and on the far left the Marxists. The range is so broad that scholarly consensus is hard to discern. Anti-corporate advocates criticize multinational corporations for being without

8528-551: The merger were to prove elusive. The merger put an end to Cadbury's close links to its Quaker founding family. In 1978, the company acquired Peter Paul , the third largest chocolate manufacturer in the United States for $ 58 million, which gave it a 10 per cent share of the world's largest confectionery market. The 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

8632-719: The most common pieces of rubbish found in UK streets in 2013. In 2014, Cadbury Dairy Milk was ranked the best-selling chocolate bar in the UK. A 2018 YouGov poll saw Cadbury's Chocolate Digestives ranked the second most popular biscuit in the UK after McVitie's Chocolate Digestives. Cadbury Ireland Limited is based in Coolock in Dublin , where the headquarters of Cadbury Ireland are located, and Rathmore, County Kerry . Products made by Cadbury in Ireland include Cadbury Dairy Milk Range, Cadbury Twirl, Cadbury Cadbury Snacks Range Flake and Boost (formerly Moro). Cadbury used to produce

8736-508: The nomenclature of Wille and Lutton with forms I, II, III, IV, V, and VI having melting points 17.3, 23.3, 25.5, 27.5, 33.8, and 36.3 °C (63.1, 73.9, 77.9, 81.5, 92.8, and 97.3 °F), respectively. The production of chocolate aims to crystallise the chocolate so that the cocoa butter is predominantly in form V, which is the most stable form that can be obtained from melted cocoa butter. (Form VI either develops in solid cocoa butter after long storage or

8840-608: The path of the Worcester and Birmingham Canal , they acquired the Bournbrook estate, comprising 14.5 acres (5.9 ha) of countryside south 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 in 1879. In 1891, the Cadbury brothers filed a patent for a chocolate-coated biscuit . In 1893, George Cadbury bought 120 acres (49 ha) of land close to

8944-564: 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 Cadbury Gorilla advertisement, announced his plans to leave the Cadbury company in July following Kraft's takeover. The European Commission decided that Kraft would have to divest Cadbury's confectionery businesses in Poland (Wedel) and Romania (Kandia). In June 2010,

9048-560: The price collapse in 1998–1999. The United States still maintains close relations with Saudi Arabia. In 2003, U.S. forces invaded Iraq with the aim of removing the dictatorship and gaining access to Iraqi oil reserves, giving the United States greater strategic importance from 2000 to 2008. During this period, there was a constant shortage of oil, but its consumption continued to rise, maintaining high prices and leading to concerns about "peak oil". From 2005 to 2012, there were advances in oil and gas extraction, leading to increased production in

9152-611: The realities of the needs of source materials on a worldwide basis and to produce and customize products for individual countries. One of the first multinational business organizations, the East India Company , was established in 1601. After the East India Company came the Dutch East India Company , founded on March 20, 1603, which would become the largest company in the world for nearly 200 years. The main characteristics of multinational companies are: When

9256-661: The remainder of the First World War . More than 2,000 of Cadbury's male employees joined the British Armed Forces , and to support the British war effort, Cadbury provided chocolate, books and clothing to the troops. George Cadbury handed over two company-owned buildings for use as hospitals – "The Beeches" and "Fircroft", and the management of both hospitals earned the War Office's highest award. Factory girls, dubbed 'The Cadbury Angels', volunteered to do

9360-534: The rights ownership of the Schweppes brand had already differed between various countries since 2006. In 1992, Sir Adrian Cadbury , chairman of the company for 24 years, produced the Cadbury Report , a code of best practice which served as a basis for reform of corporate governance around the world. Cadbury was a constant constituent of the FTSE 100 on the London Stock Exchange from the index's 1984 inception until

9464-501: The strong influence of the United States on the global oil market. In 1959, companies lowered the price of oil due to a surplus in the market. This reduction dealt a significant blow to the finances of producers. Saudi oil minister Abdullah Tariki and Venezuela’s Juan Perez Alfonso entered into a secret agreement (the Mahdi Pact), promising that if the price of oil was lowered a second time, they would take collective action against

9568-491: The total fat content. Substitutes include: coconut , palm , soybean , rapeseed , cottonseed and illipe oils; and shea butter , mango kernel fat and a mixture of mango kernel fat and palm oil, and PGPR . Cocoa butter is a major ingredient in practically all types of chocolates ( white chocolate , milk chocolate , and dark chocolate ). This application continues to dominate the consumption of cocoa butter. Pharmaceutical companies use cocoa butter extensively. As

9672-458: The unit Adams in 1997 and merged with Pfizer in 2000. Multinational corporation Most of the current largest and most influential companies are publicly traded multinational corporations, including Forbes Global 2000 companies. The history of multinational corporations began with the history of colonialism . The first multi-national corporations were founded to set up colonial "factories" or port cities. The two main examples were

9776-428: 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 1897, following the lead of Swiss companies, Cadbury introduced its own line of milk chocolate bars. In 1899, Cadbury

9880-496: The world market, jobs for locals, and business and profits for companies. Cecil Rhodes (1853–1902) was one of the few businessmen in the era who became Prime Minister (of South Africa 1890–1896). His mining enterprises included the British South Africa Company and De Beers . The latter company practically controlled the global diamond market from its base in southern Africa. In 1945, the United States

9984-573: The world without a concentration in one area have been called stateless or "transnational" (although "transnational corporation" is also used synonymously with "multinational corporation" ), but as of 1992, a corporation must be legally domiciled in a particular country and engage in other countries through foreign direct investment and the creation of foreign subsidiaries. Geographic diversification can be measured across various domains, including ownership and control, workforce, sales, and regulation and taxation. Multinational corporations may be subject to

10088-503: The worldwide revenue of a foreign subsidiary, and taxation is complicated by transfer pricing arrangements with parent corporations. For small corporations, registering a foreign subsidiary can be expensive and complex, involving fees, signatures, and forms; a professional employer organization (PEO) is sometimes advertised as a cheaper and simpler alternative, but not all jurisdictions have laws accepting these types of arrangements. Disputes between corporations in different nations

10192-537: 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

10296-438: Was enabled by multinational corporations known as the 'Seven Sisters'. The "Seven Sisters" was a common term for the seven multinational companies that dominated the global petroleum industry from the mid-1940s to the mid-1970s. The nationalization of the Iranian oil industry in 1951 by Iranian Prime Minister Mohammad Mosaddegh and the subsequent boycott of Iranian oil by all companies had dramatic consequences for Iran and

10400-448: Was fully aware that the means to overcoming cultural resistance depended on an "understanding" of the countries in which a corporation operated. He observed that companies with "foresight to capitalize on international opportunities" must recognize that " cultural anthropology will be an important tool for competitive marketing". However, the projected outcome of this was not the assimilation of international firms into national cultures, but

10504-470: Was incorporated as a private limited company at the Companies House in London. In 1905, Cadbury launched its Dairy Milk bar, a high quality product with a greater proportion of milk than previous chocolate bars. Developed by George's son, George Cadbury Jr (along with his research and development team), it was the first time a British company had been able to mass-produce milk chocolate. From

10608-546: Was labeled as "the largest nonviolent transfer of wealth in human history." The OPEC sought immediate discussions regarding participation in national oil industries. Companies were not inclined to object as the price hike benefited both them and OPEC members. In 1980, the Seven Sisters were entirely displaced and replaced by national oil companies (NOCs). The rise in oil prices burdened developing countries with balance of payments deficits, leading to an energy crisis. OPEC members had to abandon their plan of redistributing wealth from

10712-441: Was 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 tins of Roses were introduced in 1938 (competing with Quality Street launched by Mackintosh's in 1936). Roses has become a very popular Christmas (and Mother's Day) gift. By the mid-1930s, Cadbury estimated that 90 percent of

10816-513: Was the world's largest oil producer. However, their reserves were declining due to high demand. Therefore, the United States turned to foreign oil sources, which had a significant impact on the recovery of the West after World War II. Most of the world's oil was found in Latin America and the Middle East, particularly in the Arab states of the Persian Gulf. This increase in non-American production

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