Mondelez International teams up with Lotus to take bigger bite from India

Both companies said in a joint release that they will develop new chocolate products combining Biscoff taste and texture with Mondelez's Cadbury

The logo of Mondelez International is pictured at the company's building in Zurich. Photo: Reuters
Sharleen Dsouza Mumbai
2 min read Last Updated : Jun 14 2024 | 12:00 AM IST
Mondelez International and Lotus Bakeries have announced a strategic partnership to expand and grow the Lotus Biscoff cookie brand in India.

Both companies said in a joint release that they will develop new chocolate products combining Biscoff taste and texture with Mondelez’s Cadbury, Milka, and other key chocolate brands in Europe with the option to expand globally.

“Through this partnership, Mondelez will leverage its extensive distribution network and local market presence to manufacture, market, distribute, and sell Biscoff cookies in India,” the release said.

It also said that Lotus Bakeries aims to achieve significant visibility and sales growth in this high-potential market, while Mondelez will build upon its already strong presence in both traditional and modern trade to expand its cookie offerings into high-demand premium spaces.

In the release, Dirk Van de Put, chairman and chief executive officer (CEO), Mondelez International, said, “We look forward to partnering with Lotus Bakeries to expand the Biscoff brand in India, where it already has a loyal following among key consumer segments.”

“We look forward to building on their commercial expertise and market-specific knowledge and presence in India, and we believe now is the right time to expand our distribution in this growing market,” Jan Boone, CEO, Lotus Bakeries, was also quoted as saying in the release.

The first co-branded products are expected to launch early 2025 in the UK with Cadbury and Milka in Europe.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :Indian marketsMondelez InternationalCookie Man

First Published: Jun 14 2024 | 12:00 AM IST

Next Story