The company behind some of the most popular candies in the world is quietly taking over the pet-care industry
//www.youtube.com/embed/wM1d8PCaMJA
Width: 800px
Height: 450px
- Mars Inc is one of the biggest family-owned companies in the world, with more than $35 billion in annual sales.
- The 106-year-old company is known for its iconic candy brands, including Snickers, M&Ms, Milky Way, and Twix. But the company's biggest business is its pet-care business.
- Business Insider spoke to Mars chairman Stephen Badger, the great-grandson of founder Franklin Mars, to get some insight into what the company has planned for the future.
- The biggest change coming to Mars in the next five years will be portfolio transformation, Badger said.
Mars — the company that makes M&Ms, Snickers, Skittles, and other popular candies — has big plans to sell more than just food during the next five years.
"The biggest transformation that we're continually pondering is our portfolio transformation," Mars chairman Stephen Badger told Business Insider.
The 106-year-old company has historically been known for making some of the most popular candies in the world, and for making common household food brands like Uncle Ben's Rice. See the rest of the story at Business Insider
NOW WATCH: Sneaky ways Costco gets you to buy more
See Also:
- How long it might take North Korean missiles and nuclear warheads to reach major US cities
- The chairman of a $35 billion chocolate empire says leaders should avoid making these 2 common business mistakes
- The chairman of the $35 billion chocolate giant Mars shares a simple piece of advice that can make you a better leader
SEE ALSO: The chairman of the company behind Snickers and M&Ms reveals what's next for the chocolate giant