Deals
Kraft’s Clarke Says Integrating Cadbury Is Focus for Europe
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Kraft Foods Inc. plans to focus on integrating the acquisitions of Cadbury Plc and Groupe Danone SA’s LU unit rather than make more purchases to sustain growth in Europe, where revenue advanced in the past quarter.
“I don’t think we need at this time to buy other businesses to grow,” Mike Clarke, Kraft’s European president, said in an interview. “I will continue to accelerate what we’ve got already. I couldn’t comment on whether we would or would not look at any acquisition, but my first comment is the one you should listen to. We’ve got enough on our plate.”