Retail in Asia

In Shops

Kraft Foods to rename snacks company Mondelez

Kraft Foods Inc. says its new global snacks company will be named Mondelez International Inc.

Mondelez (mohn-dah-LEEZ) was inspired by the suggestions of two separate Kraft employees. It is intended to evoke the idea of a "delicious world" as "monde" is derived from the Latin word for "world" and "delez" as an expression of "delicious".

Kraft is splitting into two public companies before the end of 2012.