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Mondelez is proceeding with the divestiture of its cough drop business, Halls, as it focuses on its core categories of chocolate, biscuits and baked snacks, VP of global external communications Tracey Noe tells Axios exclusively.
Why it matters: Pruning portfolios to emphasize core brands is a primary theme after the first two days at the Consumer Analyst Group of New York's 2023 conference (CAGNY) in Boca Raton, Florida.
