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Hershey Buys Chinese Chocolate Company For $584 Million

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Hershey Buys Chinese Chocolate Company For $584 Million

Business

Hershey Buys Chinese Chocolate Company For $584 Million

Hershey Buys Chinese Chocolate Company For $584 Million

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  • <iframe src="https://www.npr.org/player/embed/255699224/255699234" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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The candy company based in Hershey, Pa., bought Shanghai Golden Monkey on Thursday. Hershey may hold the largest share of the U.S. chocolate market, but only a small share of candy sales overseas.

DAVID GREENE, HOST:

Nothing like a story about pizza to make you hungry. And then we bring you this, our last word in business, which is: Shanghai Golden Monkey. That's the Chinese candy maker that Hershey bought yesterday for almost $600 million.

STEVE INSKEEP, HOST:

Hershey is not monkeying around. It may hold the largest share of the U.S. chocolate market, but only a small share of candy sales overseas.

GREENE: Now it gains a whole range of new confections. Shanghai Golden Monkey's big sellers go way beyond Hershey's traditional milk chocolate.

INSKEEP: The Wall Street Journal reports that its Munching Monkey brand dried tofu snacks come in both fragrant numb and spicy flavor.

(LAUGHTER)

GREENE: Yum.

INSKEEP: That's the business news on MORNING EDITION, from NPR News. I'm Steve Inskeep.

GREENE: And I'm David Greene.

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