date:Jul 14, 2014
the impact of the coffee transaction on our European operations, weve decided to create a predominantly stand-alone cheese and grocery category in Europe, Mondelez spokesman Mike Mitchell said. We continually review the brands and products within our portfolio and their role.
Mondelez rose 1.1 percent to $38.42 at the close in New York yesterday. The stock has gained 27 percent in the past 12 months.
Cream Cheese
The unit includes Philadelphia cream cheese, a brand founded in 1880 that Mondel