Kraft’s purchase of Cadbury caused huge controversy and even led to the rules over foreign takeovers being altered Darren Staples/ReutersDing-dong, the witch of Somerdale is dead. Irene Rosenfeld, the American businesswoman who shut a Cadbury factory days after promising not to and then deemed a parliamentary inquiry as a waste of her time, is on the way out. Ms Rosenfeld, boss of Mondelez International, is to be replaced at the top of the world’s second largest confectionery company in November. Part of her legacy in Britain is a deep distrust of American corporations and a revamp of the rules that govern how foreign firms buy domestic companies. Mondelez yesterday reported a 5 per cent…

Source: The Times August 02, 2017 22:52 UTC