Williams-Sonoma's handcrafted German papier-mache egg was inspired by an early-20th-century postcard. The image on the egg box shows a bunny rabbit driving a chicken-powered egg-shaped carriage. Williams-Sonoma says the collectible egg box was handcrafted at a family-owned workshop in Germany. The inside of the egg contains a giggling handmade milk chocolate bunny, three milk chocolate chicks, milk chocolate carrot, lollipops and artisanal jelly beans. The Easter gift can be purchased here on williams-sonoma.com for $26.
In Toronto, Stanley Cup winner Nick Kypreos helped NHL Executive Vice President Brian Jennings and Hershey Canada Vice-President and General Manager Matt Lindsay unveil the Hershey's Chocolate Stanley Cup. The cup, made from Hershey's milk chocolate, celebrates the announcement that Hershey Canada is now the official Chocolate & Candy of the NHL in Canada.
Chocolate Version of the Swiss Army Knife Available
This edible version of the iconic Swiss Army multitool is made with Swiss chocolate and filled with hazelnut praline. The Swiss Chocolate Knife features the Victorinox Swiss Army logo. A set of the chocolate multitools can be purchased here from the Swiss Army Shop for $25.95. An individual Swiss Chocolate Knife is also available here for $3.50.
On The Oprah Winfrey Show today Oprah appears in a set made almost entirely of chocolate. More than 15,000 pieces of chocolate were used to assemble walls, tables, chairs and more. Godiva flew out 800 boxes of chocolates to create amazing chocolate masterpiece. In this next photo, Oprah's signature is one of the only set pieces not made of edible chocolate. Check out the chocolate chess set:
You can check out all the images of this chocolate extravaganza
here.
Horchow sells three cakes that resemble handbags. They include the Quilted Chocolate Handbag Cake, a white chocolate butter cake filled with chocolate ganache and white chocolate buttercream. The other two bags include the Zebra-Striped Handbag Cake and the Sassy Satchel Cake. The handbag cakes range in price from $235 to $280 and can be found here on Horchow's website.
Report Says Dark Chocolate May Help Reduce Stroke Risk
A USA Todaystory reveals that a new report suggests eating chocolate may help prevent strokes. The report analyzed several chocolate studies which revealed a slightly lower stroke risk for people eating chocolate regularly.
A new analysis, which involved a review of three prior studies, suggests eating about a bar of chocolate a week can help cut the risk of stroke and lower the risk of death after a stroke. But the evidence is still limited, says study author, neurologist Gustavo Saposnik at St. Michael's Hospital, University of Toronto.
"This is something that requires further investigation," Saposnik says.
One study they looked at found that 44,489 people who ate one serving of chocolate per week were 22% less likely to have a stroke than people who ate no chocolate. Another study found that 1,169 people who ate 50 grams of chocolate once a week were 46% less likely to die following a stroke than people who didn't eat chocolate.
It is a very timely report with tomorrow being Valentine's Day, a day when many people eat chocolate. There have been other studies that suggest dark chocolate may act as an antioxidant. It is also loaded with flavonoids.
Wine expert Paul Grieco, general manager and sommelier at Hearth Restaurant, discusses which wines go with chocolate for Valentine's Day. Paul starts with the classic milk with chocolate, then heads into adult beverages. He pairs wine with chocolate pudding (sorry, we're going to pass on this combo), and then pairs a sparkling Shiraz with chocolate ice cream. With Black Forest Cake, he drank a Madeira. Of course, champagne and chocolate is a classic pairing. For a box of chocolates, Paul likes a ruby port. We sort of lost focus at this point in the segment, because Al Roker was menacing Hannah with a giant pink bird. And no, that's not the ruby port talking. Take a look:
Chocolate Wars: Kraft to Issue $4 Billion in Corporate Bonds to Help Pay for Cadbury Purchase
Now that the world's second largest food company has won its bid to buy Cadbury, it has to find a way to pay for the deal. Kraft announced it will issue
$4 billion in corporate debt to pay for it.
Kraft may sell at least $4 billion of notes due in 3.25, 6, 10 and 30 years, said a person familiar with the offering who declined to be identified because terms aren't set. The Northfield, Illinois-based company won the approval of Cadbury’s shareholders for the 11.7 billion pound ($18.6 billion) acquisition on Feb. 2.
Kraft is marketing its debt as yields on investment-grade corporate bonds rose to 4.623 percent on average yesterday, the highest level since Jan. 13. Investors concerned about the strength of the U.S. economy may favor the foodmaker's debt because its businesses aren't highly susceptible to recession, said William Larkin, who helps manage $500 million at Cabot Money Management in Salem, Massachusetts.
"The food business is less economically sensitive, so it's the perfect play in this kind of marketplace," Larkin said. "Could banks have another leg down? It's possible, if unlikely. Will Kraft be around in 10 years? It's very likely."
The Wall Street Journalreports that the debt will be in the form of corporate bonds, which will provide the cash portion of the $19.2 billion sale price.
Most analysts think that Kraft will have no problem selling the bonds.
Chocolate Terracotta Army Unveiled at China's Chocolate Theme Park
China's new chocolate theme park continues to turn out chocolate wonders. The World Chocolate Wonderland Theme Park in Beijing already has a chocolate life sized BMW Replica and a chocolate Great Wall. Now China's chocolate tourism destination has an edible model of the Terracotta Army. Take a look:
The latest battle in the chocolate wars is over -- at least for now. Cadbury shareholders accepted Kraft's increased bid to buy the British chocolate company. Hershey's issued a statement today saying it will not be making a bid as a result of the Cadbury shareholder vote. Bloomberg reports:
Hershey Co. abandoned a plan to bid for Cadbury Plc after the U.K. confectioner accepted Kraft Foods Inc.'s 11.9 billion-pound ($19.2 billion) offer.
Hershey doesn't intend to make an offer, the company, based in the Pennsylvania town of the same name, said in a statement today. The decision not to consider an offer was made at a Jan. 20 board meeting, according to people familiar with the matter.
Kraft said Jan. 19 that its cash-and-stock offer for Cadbury won the U.K. candy company’s approval, after Hershey's board had spent months debating whether to bid and on what terms. U.K. takeover regulators gave Hershey until Jan. 25 to announce a bid or back out.
"It was always going to be a long shot for Hershey to get all their ducks in a row for a bid, and even if they put one together, they were up against a much larger suitor in Kraft," B. Craig Hutson, a corporate bond analyst for Gimme Credit in Chicago, said yesterday.
Warren Buffett, a big shareholder in Kraft through his company Berkshire Hathaway, is unhappy with Kraft's bid. He said Kraft is overpaying. But Cadbury had fought off Kraft's hostile bid because it said the price was too low and that it didn't want to be owned by a giant food conglomerate.
But now Cadbury will be owned by Kraft; chocolate lovers everywhere are hoping that Kraft doesn't change the recipes or the manufacturing process.
It took four tons of chocolate to make this replica of a BMW which will be featured at the World Chocolate Wonderland Theme Park in Beijing. The exhibit is located next to the bird's nest stadium that was built for the Olympics. The attraction will also feature a replica of The Great Wall of China, made from chocolate. Take a look:
Warren Buffett has come out opposing Kraft's hostile takeover bid of Cadbury. Buffett is the largest shareholder of Kraft through his company Berkshire Hathaway. Buffett has scuttled deals in the past that he didn't think were good deals for shareholders: he sunk Coke's proposed takeover of Quaker Oats.
Buffett's Berkshire Hathaway Inc., Kraft's biggest shareholder, urged fellow investors to oppose a plan to issue as many as 370 million shares to help buy the U.K.-based candy maker. Kraft Chief Executive Officer Irene Rosenfeld is seeking a "blank check" for the deal, Berkshire said yesterday.
"I think Buffett's got it nailed," said Donald Yacktman, founder of Yacktman Asset Management Co., which holds Kraft shares. "Kraft is hemmed in -- there's only so much they’re going to be able to do to make this acquisition."
Buffett, who has said shareholders must act like owners, urged caution in negotiations after Cadbury rejected Kraft’s bid of 10.6 billion pounds ($17 billion). In publicly asking others to join him, the 79-year-old Berkshire chairman is drawing on his power as a 9.4 percent owner of Kraft and his standing in financial markets as the world’s preeminent investor.
Berkshire said it may support a Cadbury takeover if it concludes this month that the final offer "does not destroy value for Kraft shareholders." Buffett's assistant, Carrie Kizer, said the company had no comment.
"If he says no, everybody else is going to pile on and say no too," said Justin Fuller, a partner at Midway Capital Research & Management who runs the buffettologist.com Web site.
Buffett's public statement could be a nail in the coffin for the takeover bid, much to the annoyance of the Kraft board of directors. Many Kraft shareholders will go along with whatever Buffett recommends.
A U.S. shareholder has filed a shareholder derivative lawsuit against the Cadbury board of directors. The shareholder says that the board of directors is wrong to be fighting off Kraft's hostile takeover bid, and should be negotiating with Kraft to sell the company. The Cadbury board says the lawsuit is without merit, and some think the shareholder is a straw man for Kraft.
Susan Dougherty, the investor, yesterday asked a federal judge in Newark, New Jersey, to order the board to fulfill its duties to the company and shareholders by engaging in good-faith negotiations with Kraft. Cadbury is fighting a 10.4 billion- pound ($16.8 billion) hostile bid from Kraft.
"Rather than negotiate with Kraft in good faith in order to maximize value in a possible going-private transaction, the board has breached its fiduciary duty by spurning Kraft's offer to acquire the company for a significant premium," according to Dougherty's amended complaint. "Cadbury's purported justification for such conduct is untenable."
Cadbury Plc Chief Executive Officer Todd Stitzer told investors in New York last week that Hershey Co. could expect higher earnings per share if it bought Cadbury, while a Kraft deal may present more cost-cutting opportunities, according to people who heard him. Hershey and Ferrero SpA have said they are reviewing options for Cadbury. Neither has made an offer.
Kraft's offer for Cadbury is low and unless Hershey steps up to the plate with a better offer, will become the standing bid that must be considered by all shareholders.
Reuters reports that a study from Mintel has found that chocolate sales climbed in 2009. China has one of the biggest chocolate sale jumps with 18%. Chocolate sales rose 2.6% in the U.S.
China saw chocolate confectionery sales jump 18 percent this year, while in the Ukraine sales rose 12 percent. Each of those countries has seen steady increases since 2005 and Mintel expects growth to continue through 2013.
In Cadbury’s home of Britain, sales of chocolate increased 5.9 percent in 2009. In America, the home of potential buyers Kraft and Hershey, people bought 2.6 percent more chocolate this year than last.
Chocolate is considered an "affordable indulgence" that people can still partake in during a recession. This could be the reason for the increase in sales around the world.
Godiva has put some of its gourmet chocolate treats on sale as part of its "Chocolate Covered Sale." The sale items include some of Godiva's holiday boxes of chocolates and its gold ballotin boxes. You can see the items on sale here.
You can find a list of more sales and deals here on shoppersshop.com.