Thursday, June 14, 2007

EXPENDITURE STRATEGY - CADBURY SCHWEPPES

1. Cadbury Schweppes Plc, the world's largest confectioner, will sell or spin off its U.S. drinks unit to focus on Dairy Milk chocolate and Trident gum.
2. It will split its Europe, Middle East and Africa unit and move its head office out of London to improve profitability.
3. It agreed to sell its Australian jams and jellies division to H.J. Heinz Co. as part of a plan to raise 250 million pounds from disposals of smaller assets.

Sticking to the knitting can terminate sub-optimal expenses

[Click here for full story at: BLOOMBERG.COM]

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