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Cadbury kin plans firm to rival Kraft

An heiress to the fortune of Cadbury, the famous British chocolatiers, is selling her £27-million family estate to launch a chocolate company to rival American giant Kraft, which took over Cadbury earlier this year.

Updated on: Jun 21, 2010 11:52 PM IST
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An heiress to the fortune of Cadbury, the famous British chocolatiers, is selling her £27-million (Rs 180 crore) family estate to launch a chocolate company to rival American giant Kraft, which took over Cadbury earlier this year.

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Felicity Loudon, great-great-great granddaughter of John Cadbury, who started the business in 1824, says: “I can’t accept that Cadbury has gone to America. To a plastic cheese company. I won’t accept it. I want to start again. I want to make chocolate and I’m jolly well going to do it.”

Kraft, whose brands include Dairylea, Philadelphia cheese and Ritz biscuits, took over Cadbury in a £11.9 billion deal. It has since launched a multi-million pounds campaign promoting a rival — German-made Milka bars — to Cadbury’s much-loved Dairy Milk chocolate.

Loudon, 61, said her great-grandfather George, who founded Cadbury’s famous Bournville headquarters in Birmingham, “would be spinning in his grave”.

She and her husband John, 74, a former merchant banker, have put Pusey House, their eight-bedroom home set on 100 acres near Faringdon, Oxfordshire, on the market.

She was quoted saying that she had been “talking to wonderful chocolatiers”, without refused to divulge more details.

 
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