date:Nov 07, 2014
ne of 2% in Europe as some French retailers stopped carrying Mondelez's snack items due to price hikes.
Mondelez had hiked price in August to offset surging commodity costs, but this resulted in a backlash in some markets of Europe.
Like several other firms, Mondelez too saw tepid demand in some key segments.
Following its split from Kraft Foods in 2012, the company had seen a string of disappointing quarterly results due to sluggish demand, which compelled Mondelez to cut costs.
Mondelez ch