Mondelez adds Tate’s Bake Shop to its portfolio
US food giant Mondelez International is continuing its massive investment programme with the announcement of an agreement to purchase Tate’s Bake Shop for US $500 million.
Tate’s, founded in 2000 in Southampton, near New York, is seeing rapid sales growth driven by the popularity of its famous premium cookies, which now join the Oreo and Ritz brands already owned by Mondelez. The agreement is expected to be finalised by the summer of 2018.
Image credits: Tate's Bake Shop
