London, Oct. 10 - Cadbury Schweppes PLC has no interest in buying Godiva, the premium chocolate business of Campbell Soup Co., Chief Executive Todd Stitzer said Wednesday.
Speaking on a conference call to investors, Stitzer said the company had no interest in buying Godiva and would instead concentrate on growing its own Green & Black's premium brand.
"We've got no plans to acquire smaller premium brands at this point," he said. "Green & Black's is a great product and we'd prefer to concentrate on that."
Campbell has been divesting non-core units and last month confirmed it is exploring the possible sale of its Godiva chocolate brand.
Swiss chocolate maker Chocoladefabriken Lindt & Spruengli AG (LINS.EB) has said it is exploring a bid.
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