Lindt CEO Exits as Swiss Chocolate Industry Struggles
Summary
Lindt is replacing its chief executive as the company seeks a turnaround amid record high cocoa costs and weak consumer demand. The pressures have spread across Switzerland's confectionery industry.
The leadership change signals that Lindt's existing strategy has not insulated it from a severe
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Lindt's CEO transition shows how commodity inflation and weaker demand are now forcing leadership changes in branded consumer businesses.