Mondelēz International, the confectionery company that owned the very popular chocolate brand, announced earlier today that they will be halting production of Toblerone. This news came after years of losses due to the competitive market and newer chocolate brands in the industry. Several millions of dollars were lost at the end of 2015 that prompted the company to close the factories that produce the chocolate brand. This will come as a shock to die-hard fans of Toblerone, which was first produced in the early 1900's. Mondelēz International further disclosed that it will venture and tap other markets in the world like retail and real estate.
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