Cholula, a producer and distributor of hot sauce, has appointed a new senior leadership team to drive growth. Maura Mottolese has been appointed CEO of the company with U.S. headquarters in New York. She brings more than two decades of experience in the food and beverage industry, most recently serving as CEO of Tate’s Bake […]
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Mondelēz To Acquire New York’s Tate’s Bake Shop
Mondelēz International has signed an agreement with global private equity firm The Riverside Co. and other shareholders—including Tate’s Bake Shop founder Kathleen King—to acquire Tate’s for nearly $500 million. Mondelēz says the deal gives it entree into the premium cookie market. Tate’s was founded in 2000 on Long Island, New York, producing cookies and baked goods. Mondelēz says […]