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  1. Home
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  3. Food & Beverage
  4. Toblerone
Toblerone logo
Food & Beverage

Who Owns Toblerone?

Toblerone is owned by Mondelez International (Nasdaq: MDLZ), a publicly traded American confectionery company headquartered in Chicago, Illinois. Mondelez inherited Toblerone when Kraft Foods split in 2012. Toblerone was founded in 1908 by Theodor Tobler and Emil Baumann in Bern, Switzerland, and is manufactured at Mondelez's Bern factory. In April 2025, Mondelez invested 65 million Swiss francs in the Bern facility to reinforce Swiss production.

Parent Company

Mondelez International, Inc.

Acquired

2012

Status

Publicly Traded

Headquarters

Bern, Switzerland

Toblerone Timeline

1908

Toblerone

Founded by Theodor Tobler, Emil Baumann

Founded
2012
Acquired by Mondelez International, Inc.

Mondelez International, Inc. acquired Toblerone

Acquired
premiumpremiumGlobalOfficial Website

Who Owns Toblerone?

  • Parent Company: Mondelez International, Inc.
  • Ownership Type: Wholly owned
  • Acquisition Year: 2012
  • Company Type: Publicly Traded
  • Stock Ticker: NASDAQ: MDLZ
BrandParent CompanyOwnership Type
TobleroneMondelez International, Inc.Wholly owned

Where to Buy

Disclosure: We may earn commission from purchases
AmazonToblerone on Amazon

History of Toblerone

  • Founded: 1908
  • Founders: Theodor Tobler, Emil Baumann
  • Acquired by Mondelez International, Inc.: 2012

Toblerone was created in 1908 by Theodor Tobler and his cousin Emil Baumann in Bern, Switzerland. Tobler operated a confectionery business in Bern. The name "Toblerone" combines Tobler's family name with "torrone," the Italian word for honey-almond nougat that inspired the filling.

The triangular shape is one of the most distinctive packaging designs in the confectionery industry. The shape is associated with the Swiss Alps, and the Matterhorn mountain was depicted on the packaging for over a century. Theodor Tobler's original inspiration for the triangular form has been attributed to various sources, including the shape of a chorus line at the Folies Bergères in Paris. The triangular prism shape also has practical advantages: it allows the chocolate to be broken into individual segments and is structurally efficient for packaging.

The original Toblerone formula combined Swiss milk chocolate with a honey-almond nougat filling. The product was patented in 1909, and Tobler began exporting internationally, establishing Toblerone as one of the first Swiss chocolate brands with significant international distribution.

Toblerone was sold at duty-free shops and international airports from an early stage. This distribution channel became closely associated with the brand and contributed to its global recognition. The airport and travel retail channel remains an important distribution point, with the brand's distinctive triangular packaging making it a recognizable gift purchase for travelers.

In 1970, Jacobs Suchard acquired Toblerone. Kraft Foods subsequently acquired Jacobs Suchard in 1990. When Kraft Foods split in October 2012, Toblerone was allocated to Mondelez International.

In 2022, Toblerone faced a significant controversy when Mondelez announced a partial shift of production from Bern to a factory in Bratislava, Slovakia. Under Swiss law, products manufactured outside Switzerland cannot use the "Swiss Made" designation or display the Matterhorn on their packaging. Mondelez removed the Matterhorn image from Toblerone packaging produced outside Switzerland, replacing it with a generic mountain silhouette. The change generated significant media attention and consumer backlash, as the Matterhorn had been a defining element of Toblerone's visual identity.

In April 2025, Mondelez announced the 65 million Swiss franc investment in the Bern facility, signaling continued commitment to Swiss production. This investment came after the Slovakia controversy and appeared to be a partial course correction, reinforcing the Bern factory's role as the brand's primary production center.

As of 2026, Toblerone has expanded its product range beyond the original milk chocolate bar. Variants include dark chocolate, white chocolate, fruit and nut, honeycomb crisp, and seasonal editions. The brand has also introduced smaller formats and sharing bags alongside its traditional triangular prism packaging.

About Mondelez International, Inc.

Is Mondelez International publicly traded?
Yes, Mondelez International is publicly traded on NASDAQ under ticker symbol MDLZ. The company has been publicly traded since its spin-off from Kraft Foods in October 2012. Institutional investors including Vanguard, BlackRock, and State Street are among the largest shareholders.

What is Mondelez's relationship to Kraft Foods?
Mondelez International was created in October 2012 when Kraft Foods Inc. split into two separate publicly traded companies. Mondelez retained the global snacking business, including brands like Oreo, Cadbury, and Ritz. Kraft Foods Group retained the North American grocery business and later merged with Heinz in 2015 to form Kraft Heinz. The two companies are completely independent.

What are Mondelez's most famous brands?
Mondelez's most recognized brands include Oreo (the world's best-selling cookie), Cadbury chocolate, Ritz crackers, Toblerone, Milka, Chips Ahoy!, Trident gum, Halls, and Clif Bar. Oreo, Cadbury, and Milka each generate more than $1 billion in annual revenue.

What was Mondelez's revenue in FY2025?
Mondelez reported FY2025 net revenues of $38.5 billion, up 5.8% from $36.4 billion in FY2024. Organic net revenue growth was 4.3%, driven by 8.0% pricing growth and a 3.7% decline in volume and mix. Diluted EPS was $1.89, down 44.7% from FY2024, primarily due to cocoa cost inflation and mark-to-market impacts.

Who is Mondelez's CEO?
Dirk Van de Put has served as CEO of Mondelez International since November 2017. Under his leadership, the company has pursued a focused snacking strategy, made strategic acquisitions including Clif Bar (2022) and Tate's Bake Shop (2018), and strengthened its position in emerging markets. He also serves as Chairman of the board.

Where is Mondelez headquartered?
Mondelez International is headquartered in Chicago, Illinois, USA. The company operates more than 80 manufacturing facilities worldwide across North America, Europe, Asia, Latin America, and the Middle East and Africa. The company is incorporated in Virginia.

What is Mondelez's 2026 outlook?
For FY2026, Mondelez expects organic net revenue growth of flat to 2% and adjusted EPS growth of flat to 5% on a constant currency basis. The company expects free cash flow of approximately $3 billion. Currency translation is expected to increase net revenue growth by approximately 2.0% and adjusted EPS by $0.06.

  • Founded: 2012
  • Headquarters: Chicago, Illinois, USA
  • Company Type: Publicly Traded
  • Stock: NASDAQ: MDLZ
  • Revenue: $38.5 billion (FY2025)
  • Employees: Approximately 91,000

Visit Mondelez International, Inc. website

View full company profile for Mondelez International, Inc.

Where Is Toblerone Made / Based?

  • Headquarters: Bern, Switzerland
  • Manufacturing / Operations: Switzerland, Slovakia

Toblerone Categories & Tags

ChocolateSwiss ChocolateConfectioneryMondelez

Toblerone Sustainability & Ethics

Toblerone participates in Mondelez's Cocoa Life program, the company's sustainability initiative focused on cocoa farming communities. Cocoa Life was launched in 2012 and has committed to sourcing 100% of Mondelez's cocoa volume through the program. As of 2024, Cocoa Life reported working with over 260,000 farmers across Ghana, Ivory Coast, Indonesia, India, the Dominican Republic, and Brazil.

The program focuses on farmer training, community development, and environmental protection. Mondelez reports that Cocoa Life has distributed over 8 million cocoa trees to farmers for replanting and has helped establish over 2,000 community-led projects. However, independent assessments have noted that the program's impact on farmer incomes remains limited, with many cocoa farmers still living below the World Bank's poverty line.

Mondelez has committed to reducing carbon emissions from manufacturing operations by 25% by 2030 and achieving carbon neutrality by 2050. The Bern factory participates in these initiatives through energy-efficient production equipment and waste management systems. However, Mondelez has not published facility-specific carbon data for the Bern plant.

Toblerone's packaging sustainability initiatives include packaging reduction programs and increased use of recycled materials. The brand has explored alternative packaging solutions that maintain product protection and the distinctive triangular design while reducing environmental footprint. Mondelez has committed to making all packaging recyclable by 2025, though progress has been mixed across its portfolio.

Mondelez has faced criticism from human rights organizations regarding child labor in its cocoa supply chain. A 2024 report by the University of Chicago found that child labor remains prevalent in West African cocoa farming, despite industry commitments. Mondelez has responded by strengthening monitoring systems and remediation programs through Cocoa Life, but the issue persists across the chocolate industry.

Awards & Recognition

Toblerone has received recognition for its brand heritage and packaging design:

  • The triangular prism packaging is recognized as one of the most distinctive confectionery designs in history, frequently cited in packaging design publications and marketing case studies
  • Toblerone received the Swissness Award, recognizing brands that embody Swiss quality and heritage
  • The brand has been featured in travel retail industry publications as a top-selling confectionery brand in the duty-free channel
  • Toblerone's Bern factory has been recognized by Swiss tourism and heritage organizations as a site of cultural significance

These reflect industry and cultural recognition rather than formal independent quality certifications.

Toblerone Recalls & Controversies

Toblerone has faced several notable controversies:

  • Slovakia production shift and Matterhorn removal (2022): Mondelez announced a partial shift of Toblerone production from Bern to Bratislava, Slovakia. Under Swiss law, products made outside Switzerland cannot use the "Swiss Made" designation or display the Matterhorn. Mondelez replaced the Matterhorn with a generic mountain silhouette on non-Swiss packaging. The change generated significant consumer backlash and media coverage, with many consumers questioning whether the brand's quality and authenticity would be affected. Mondelez's 2025 investment in the Bern factory appeared to be a partial response to this criticism.
  • Bar size reduction (2016): Mondelez reduced the weight of standard Toblerone bars in the UK from 170g to 150g while keeping the packaging the same size, widening the gaps between the triangular segments. Consumers criticized the change as a stealth price increase. Mondelez defended the move as a response to rising ingredient costs. The original weight was later restored in 2018 after consumer feedback.
  • Cocoa supply chain child labor concerns (ongoing): Mondelez, along with other major chocolate companies, has faced ongoing criticism regarding child labor in its West African cocoa supply chain. A 2024 University of Chicago report found that child labor remains prevalent despite industry commitments. Mondelez's Cocoa Life program includes monitoring and remediation, but the issue persists across the industry.
  • Cocoa price inflation impact (2024-25): Surging cocoa prices due to West African crop failures led Mondelez to raise chocolate prices by 5-7% in 2024. Some consumers noted reduced bar sizes or reformulated products across the chocolate category, though Toblerone's standard sizes were maintained.

Brands Owned by Mondelez International, Inc.

CadburyFood Beverage

Cadbury

Owned by Mondelez International, Inc.

British confectionery brand known for Dairy Milk chocolate, owned by Mondelez International.

chocolateconfectionerydairy-milk
MilkaFood Beverage

Milka

Owned by Mondelez International, Inc.

European milk chocolate brand owned by Mondelēz International, known for its lilac packaging and Alpine milk positioning. The best-selling chocolate tablet brand in Germany and Austria.

chocolateconfectioneryeuropean-brand
OreoFood Beverage

Oreo

Owned by Mondelez International, Inc.

American sandwich cookie brand consisting of two chocolate wafers with sweet cream filling, owned by Mondelez International and the world's best-selling cookie with annual retail sales exceeding $4 billion. Mondelez reported $36.4 billion in 2025 net revenues.

cookiesandwich-cookiesnack
RitzFood Beverage

Ritz

Owned by Mondelez International, Inc.

American brand of snack crackers known for their round, buttery flavor, produced by Mondelez International.

crackerssnacksbiscuits
TridentFood Beverage

Trident

Owned by Mondelez International, Inc.

Sugar-free chewing gum brand sold in over 50 countries, owned by Perfetti Van Melle since 2024.

chewing-gumsugar-freeconfectionery
View all brands owned by Mondelez International, Inc.

Toblerone Ownership: Pros & Cons

Advantages

  • +Mondelez's global distribution network supports Toblerone's availability in over 120 countries
  • +The triangular shape and Swiss heritage provide distinctive brand equity that competitors cannot easily replicate
  • +Strong presence in the travel retail and duty-free channel, where Toblerone is one of the most recognized confectionery brands
  • +The 2025 investment of 65 million Swiss francs in the Bern factory reinforces Swiss production credentials
  • +Over 115 years of brand heritage provides consumer familiarity across multiple generations

Considerations

  • -The 2022 Slovakia production shift and Matterhorn removal generated consumer backlash and highlighted risks to the Swiss heritage positioning
  • -Mondelez faces competitive pressure from Lindt, Ferrero, and other premium European chocolate brands
  • -Premium pricing relative to mass-market chocolate bars limits volume growth in price-sensitive markets
  • -Dependence on the travel retail channel creates vulnerability to disruptions in international travel
  • -Mondelez's broad portfolio means Toblerone competes for marketing investment against Cadbury, Milka, and Oreo
  • -Cocoa price volatility and supply chain child labor concerns pose ongoing reputational risks

Frequently Asked Questions About Toblerone

Sources & Further Reading

  • Mondelez International Official Website -
  • Toblerone Official Website -
  • Mondelez Cocoa Life Program -
  • SEC EDGAR: Mondelez International (MDLZ) filings -
  • Swiss Chocolate Industry Association -
  • Nasdaq: Mondelez International (MDLZ) -
  • University of Chicago: Child Labor in Cocoa Supply Chain Report (2024) -
  • World Cocoa Foundation -
  • International Confectionery Association -

Competitors to Toblerone

These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.

BrandParent CompanyCountryFoundedMarket PositionPrimary MarketGender Target
MilkaMilkaSister Brand
Mondelez International
USA (Mondelēz)
1901
Mass marketEuropeAll-consumers
AeroAero
Nestle
United Kingdom
1935
Mass marketEuropeAll-ages
Baby RuthBaby Ruth
Ferrero
Italy
1921
Mass marketUnited statesAll-ages
ButterfingerButterfinger
Ferrero
USA
1923
Mass marketUnited statesAll Genders
CelebrationsCelebrations
Mars Inc
United Kingdom
1997
Mass marketEuropeAll-ages
CrunchCrunch
Ferrero
Switzerland (Nestle global)
1938
Mass marketGlobalAll Genders

Learn More About Competitors

MilkaFood Beverage

Milka

Owned by Mondelez International, Inc.

European milk chocolate brand owned by Mondelēz International, known for its lilac packaging and Alpine milk positioning. The best-selling chocolate tablet brand in Germany and Austria.

chocolateconfectioneryeuropean-brand
AeroFood Beverage

Aero

Owned by Nestlé S.A.

British chocolate brand known for its distinctive aerated, bubbly texture, produced and distributed by Nestle and sold primarily in the United Kingdom, Canada, and select international markets.

chocolateconfectionerysnacks
Baby RuthFood Beverage

Baby Ruth

Owned by Ferrero

American chocolate candy bar with peanuts, caramel, and chocolate, founded in 1921 by Curtiss Candy Company and owned by Ferrero Group since January 2018.

chocolateconfectionerycandy
ButterfingerFood Beverage

Butterfinger

Owned by Ferrero

American candy bar brand known for its peanut butter and chocolate flavor, owned by Ferrero Group.

candy-barchocolatepeanut-butter
CelebrationsFood Beverage

Celebrations

Owned by Mars, Incorporated

British chocolate assortment brand featuring a variety of chocolate candies, owned by Mars, Incorporated and distributed globally.

chocolateassortmentcandies
CrunchFood Beverage

Crunch

Owned by Ferrero

Milk chocolate and crisped rice bar introduced by Nestle in 1938, now produced in the United States by Ferrara Candy Company (Ferrero) and globally by Nestle.

chocolateconfectionerycandy

Competitive Analysis

Market Positioning: Toblerone competes with 6 brands in the same categories, ranging from mass market to luxury positioning.

Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.

Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.

Independent Alternatives to Toblerone

Looking for brands with different ownership structures? These similar brands are not owned by Mondelez International, Inc., giving you alternative choices that support different corporate structures.

Ferrero RocherFood Beverage

Ferrero Rocher

Owned by Ferrero

Premium hazelnut chocolate brand launched in 1982 by Ferrero Group, sold in over 170 countries. Known for gold-foil wrapped praline chocolates and gifting positioning.

chocolatepremium-chocolategifting
Privately Owned

Ferrero Rocher is privately owned, unlike Toblerone which is under a publicly traded parent company.

Fiji WaterFood Beverage

Fiji Water

Owned by The Wonderful Company

Premium bottled water brand sourced from an artesian aquifer in Fiji, owned by The Wonderful Company.

bottled-waterbeveragepremium-water
Privately Owned

Fiji Water is privately owned, unlike Toblerone which is under a publicly traded parent company.

Naked JuiceFood Beverage

Naked Juice

Owned by Tropicana Brands Group

American premium juice and smoothie brand founded in Santa Monica in 1983. Owned by Tropicana Brands Group since 2021, previously by PepsiCo from 2007.

juicesmoothiecold-pressed
Privately Owned

Naked Juice is privately owned, unlike Toblerone which is under a publicly traded parent company.

Purely ElizabethFood Beverage

Purely Elizabeth

Owned by Ferrero

Better-for-you breakfast brand founded in 2009 in Boulder, Colorado, known for granola, oatmeal, and cereal with premium ingredients. Acquired by Ferrero Group in August 2026 for approximately $850 million.

granolabreakfastbetter-for-you
Privately Owned

Purely Elizabeth is privately owned, unlike Toblerone which is under a publicly traded parent company.

StonyfieldFood Beverage

Stonyfield

Owned by Lactalis Group

American organic yogurt brand founded in New Hampshire in 1983, owned by Lactalis Group since 2017. The best-selling certified organic yogurt brand in the United States and a certified B Corporation.

yogurtorganicdairy
Privately Owned

Stonyfield is privately owned, unlike Toblerone which is under a publicly traded parent company.

TropicanaFood Beverage

Tropicana

Owned by Tropicana Brands Group

American fruit juice brand best known for its not-from-concentrate orange juice, owned by Tropicana Brands Group since 2021.

juiceorange-juicebeverage
Privately Owned

Tropicana is privately owned, unlike Toblerone which is under a publicly traded parent company.

Mondelez International, Inc. Stock Information

Jobs at Mondelez International, Inc.

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Last reviewed: August 5, 2026 · Reviewed by Who Brands Editorial Team