Terry's Chocolate Orange
Chocolate Orange manufacturing was moved to France by Kraft Foods.
Key words
- Treat: a type of food that is eaten in addition to your usual meals, usually something sweet
There are a lot of artificially flavoured treats on the store shelves.
- Pale in comparison: to be not nearly as good as something or someone else
The paintings he made later pale in comparison with his earlier work.
- Discontinued: A product or service that is discontinued is no longer being produced or offered
The company experimented with different flavours, most of which were discontinued.
- Continental Europe: of or relating to Europe, especially western Europe, but not including the British Isles
She preferred the continental way of life.
- Change hands: to go from one owner to another
The restaurant isn’t as good since it changed hands.
Read the article to find the answers
- What is Britain's favourite chocolate at Christmas?
- Where was Terry's Chocolate Orange first created?
- Who owns Terry's now?
- What do BlackRock and Vanguard own?
Terry’s Chocolate Orange
While Cadbury's Cream Egg is Britain's most popular chocolate at Easter, Britain's favourite chocolate at Christmas is Terry's Chocolate Orange.
Fruit and chocolate have been combined in many ways over the years, but few are as successful as Terry's Chocolate Orange. This product has been one of the world's most iconic and popular chocolate treats since it was first created at the Chocolate Works factory in York in 1932. This unique chocolate product features pieces of chocolate in the shape of an orange. The individual segments are joined at the centre and removed in the same way as an orange.
The original Terry's Chocolate fruit was actually Terry's Chocolate Apple! However, the taste of Terry's Chocolate Apple paled in comparison to the delicious Chocolate Orange and production was discontinued in 1954.
Sold
In 2005, the Terry's factory in York closed and Chocolate Orange production was moved to continental Europe.
The Terry's business has changed hands many times. It first became a subsidiary of the Forte Group in 1963, before being sold to Colgate-Palmolive in 1977. It was bought by United Biscuits in 1982, before being sold to Kraft Foods Inc. in 1993. Following its separation from Kraft in 2012, the Terry's name became part of Mondelēz International.
Today, just 10 companies control almost every major food and drink brand in the world.
Vanguard and BlackRock
The Vanguard Group is currently Mondelēz International's largest shareholder and BlackRock is its second largest shareholder. Vanguard and BlackRock are the two largest asset management firms in the world.
BlackRock and Vanguard are owned by the Rothschild Investment Corporation, the Edmond De Rothschild Group, the Italian Orsini family, the American Bush family, the British Royal family, the Du Pont family, the Morgans, the Vanderbilts and the Rockefellers.
BlackRock and Vanguard also own shares in almost all S&P 500 companies and work closely with central banks around the world. A Bloomberg report stated that by 2030 these people will own almost everything, which means you'll own nothing - and according to the WEF, you'll be happy about it.
Discussion questions
- Do you have any questions about any of the vocabulary or grammar in this article?
- What's your favourite English chocolate?
- Do you know who owns your favourite food company?
- Do you think two companies should own everything?
Book a Lesson
Improve your English language communication skills by practicing with a qualified and experienced native speaker.