AVI and Mondelez terminate talks about snacks unit
No reasons have been given for why the potential deal fell through
US food powerhouse Mondelez, owner of the Cadbury, Oreo and Toblerone brands, is no longer in talks with food producer AVI on buying its snacks division, which includes the Bakers and Pro-Vita brands.
AVI owns many market-leading food brands including I&J, Five Roses and Freshpak teas and a range of upmarket clothing names including Spitz, Gant and Green Cross shoes. Its coffee business includes the Lavazza, House of Coffees, Ciro and Frisco brands. ..