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Discussion and analysis of the latest economic issues.

By Sean O'Grady, Economics Editor of The Independent.

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Don't go thinking Cadbury's is British

Posted by Sean O'Grady
  • Tuesday, 5 January 2010 at 11:52 am
One quick thought on the Cadburys/Kraft battle. When we talk about Cadbury’s as "British" we ought to recall that almost half their shareholdings are held abroad. Plus all the production they do abroad.

None of that, as it happens, makes the case for a Kraft takeover any stronger – it would push Cadburys into a plodding old dinosaur of a company and probably kill it – but it does make me think that defending companies on “patriotic” grounds is probably a bit of a mug’s game.

Comments

Cadburys
michaelji wrote:
Tuesday, 5 January 2010 at 11:41 pm (UTC)
Of course it is foolish to defend companies on purely nationalistic grounds, rowntree has thrived under Nestles ownership.
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