Oreo-Maker Mondelez Moving Suburban Headquarters to Chicago

Business

Oreo-Maker Mondelez Moving Suburban Headquarters to Chicago

Associated Press | January 8, 2019, 9:58 am

(Mike Mozart / Flickr)

DEERFIELD, Ill. (AP) — Oreo-maker Mondelez International Inc. is moving its headquarters from a Chicago suburb into the city.

The snack producer announced Tuesday it would move about 400 jobs from Deerfield into Chicago's Fulton Market neighborhood. Mondelez says it signed a 15-year lease on a five-story office building under construction that it expects to occupy in 2020.

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The building is in the same area as the headquarters for McDonald's, which also relocated from the suburbs.

For 2017, the company reported net income of $2.9 billion, or $1.91 per share. It posted revenue of $25.9 billion for the year. It plans to release 2018 financial results on Jan. 30.

Other Mondelez brands include Trident gum, Toblerone chocolate, and Ritz and Triscuit crackers.

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