The company continues to reinvest in its brands, expand distribution channels and leverage synergies from recent acquisitions to ensure sustainable growth. The company had inked a deal to acquire a majority stake in Evirth, a popular manufacturer of cakes and pastries in China, in September. This collaboration presents an exciting opportunity for Mondelez to leverage its iconic brands and distribution channels to create premium products in the rapidly growing cakes and pastries market. It has concluded the buyout of Ricolino. The company acquired Clif Bar in August 2022 and Chipita S.A. in January 2022. Mondelez's focus on undertaking acquisitions to gain scale in its categories and distribution capabilities bodes well. Apart from this, its recent strategic partnership with Lotus Bakeries to co-develop new chocolate products and expand into India is a significant move to scale its business in emerging markets.