Hershey, Godrej Group Call off Joint Venture

Publish Date: 
July 7, 2011

Hershey's and the Godrej Group have called off their joint venture in India following management differences in running the entity. At a recent board meeting, both sides mutually agreed to call off the partnership following which Hershey's will sell its 51% stake to Godrej Consumer Products Ltd (GCPL) for an undisclosed amount.
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