English 中文網 漫畫網 愛新聞iNews 翻譯論壇
    中國網站品牌欄目(頻道)
    當前位置: Language Tips > 每日播報

    Hershey hits sweet spot with deal for China confectionery Golden Monkey

    [ 2013-12-20 10:16] 來源:中國日報網     字號 [] [] []  
    免費訂閱30天China Daily雙語新聞手機報:移動用戶編輯短信CD至106580009009

    Download

    The Hershey Co, North America's largest quality chocolate producer, has announced plans to acquire 80 percent of snack producer Shanghai Golden Monkey Food Joint Stock Co.

    The acquisition will be done through Hershey Netherlands BV, a wholly owned subsidiary. It's expected to be completed in the second quarter of next year, subject to approval from Chinese regulators and shareholders.

    Terms of the transaction weren't disclosed, but Hershey said it will make a cash payment for the stake. Golden Monkey (SGM) will operate as a stand-alone business, and its senior management team members will retain their roles.

    "SGM is the type of business we've been focusing on for potential M&A. It fits Hershey's acquisition criteria: It is located in our primary international market, China; it is a pure play confectionery and snacks company; and it has distribution into channels where Hershey products have yet to penetrate," said Humberto Alfonso, president of international operations at Hershey.

    "Additionally, the company has a strong history of innovation and product quality as evidenced by the outstanding reputation of its core brand, Golden Monkey, which has been nationally recognized as one of China's most iconic brands.”

    Rumors of the acquisition began to circulate about one year ago.

    Zhao Qisan, founder, chairman and general manager of SGM, said, "Hershey and SGM have similar cultures and strategies related to the building and selling of brands, and we're pleased that a company of Hershey's stature sees the potential in our great company.”

    Industry insiders said the acquisition will help SGM integrate its businesses, explore more distribution channels and improve marketing.

    Hershey's sales totaled about $7 billion in 2012. The privately owned SGM has seen double-digit growth in its net sales this year, which may reach $225 million.

    Statistics from market research firm Euromonitor International show that Hershey has been selling mainly chocolate products in the Chinese mainland, with just a 2.2 percent market share in 2012. Competitor Mars Inc held a 43 percent market share.

    Questions:

    1. What is Hershey Co’s plan for China?

    2. What will happen to Golden Monkey’s business?

    3. What is Hershey’s market share in China?

    Answers:

    1. The chocolate producer will acquire 80 percent of snack producer Shanghai Golden Monkey Food Joint Stock Co.

    2. Golden Monkey (SGM) will operate as a stand-alone business, and its senior management team members will retain their roles.

    3. 2.2 percent market share in 2012.

    (中國日報網英語點津 Helen 編輯)

    Hershey hits sweet spot with deal for China confectionery Golden Monkey

    About the broadcaster:

    Hershey hits sweet spot with deal for China confectionery Golden Monkey

    Nelly Min is an editor at China Daily with more than 10 years of experience as a newspaper editor and photographer. She has worked at major newspapers in the U.S., including the Los Angeles Times and the Detroit Free Press. She is also fluent in Korean.

     
    中國日報網英語點津版權說明:凡注明來源為“中國日報網英語點津:XXX(署名)”的原創作品,除與中國日報網簽署英語點津內容授權協議的網站外,其他任何網站或單位未經允許不得非法盜鏈、轉載和使用,違者必究。如需使用,請與010-84883631聯系;凡本網注明“來源:XXX(非英語點津)”的作品,均轉載自其它媒體,目的在于傳播更多信息,其他媒體如需轉載,請與稿件來源方聯系,如產生任何問題與本網無關;本網所發布的歌曲、電影片段,版權歸原作者所有,僅供學習與研究,如果侵權,請提供版權證明,以便盡快刪除。
     

    關注和訂閱

    人氣排行

    翻譯服務

    中國日報網翻譯工作室

    我們提供:媒體、文化、財經法律等專業領域的中英互譯服務
    電話:010-84883468
    郵件:translate@chinadaily.com.cn
     
     
    伊人久久无码精品中文字幕 | 亚洲AV无码专区电影在线观看| 国产成人亚洲综合无码精品| 午夜无码中文字幕在线播放 | 久久久久久国产精品免费无码| 最近中文国语字幕在线播放视频| 丰满熟妇乱又伦在线无码视频| 免费无码作爱视频| 亚洲av中文无码乱人伦在线播放| 亚洲午夜国产精品无码老牛影视| 最近中文字幕高清中文字幕无| 亚洲中文字幕一二三四区苍井空 | 国产成人无码区免费内射一片色欲| 中文字幕无码一区二区免费 | 免费无码毛片一区二区APP| 人妻系列AV无码专区| 亚洲乳大丰满中文字幕| 久久久无码精品午夜| 无码日韩精品一区二区免费暖暖| 最近的2019免费中文字幕| 18禁网站免费无遮挡无码中文| 亚洲精品一级无码中文字幕| 国产成人无码专区| 高清无码在线视频| 国产精品久久久久无码av| 日韩国产精品无码一区二区三区| 国产AV无码专区亚洲AV漫画| 欧美日韩中文国产va另类电影| 最近2019中文字幕免费直播| 欧美日韩中文字幕久久伊人| 无码AV中文字幕久久专区| 免费A级毛片无码A∨中文字幕下载| 亚洲成a人无码av波多野按摩 | 波多野结衣亚洲AV无码无在线观看| 亚洲AV无码乱码在线观看裸奔 | 一区 二区 三区 中文字幕| 一本一道精品欧美中文字幕| 亚洲乱码中文字幕综合| 中文字幕有码无码AV| 中文字幕亚洲免费无线观看日本| avtt亚洲一区中文字幕|