Cadbury owner stockpiles products, prepares for hard Brexit - report

Mondelez International, the owner of Cadbury brand, is stockpiling ingredients, chocolates and biscuits in case of a no-deal Brexit, the Times of London reported on Tuesday, citing the president of Mondelez's European division.

The United Kingdom is due to leave the European Union on March 29th, but there is no full exit deal and Britain's ruling party is split over Prime Minister Theresa May's "Chequers" plan to largely accept a "common rulebook" over goods.

Mondelez would prefer a good Brexit deal that would allow free flow of products, the Times of London quoted Hugh Weber, the president of Mondelez Europe, as saying.

“However, we are also preparing for a hard Brexit and ... we are stocking higher levels of ingredients and finished products,” Mr Weber said, according to the report.