Mondelez International yesterday announced plans to relocate its global headquarters from the Chicago suburb of Deerfield to the city’s West Loop neighborhood, according to several media reports. The maker of Oreo, Ritz, and Triscuits has signed a 15-year lease at 905 W. Fulton Market and it plans to bring all or most of its 400 employees along as well.
Mondelez Chairman / CEO Dirk Van de Put believes the area will reinforce the company mission while increasing employee motivation.
“We sought a location that reflects our new, dynamic and more consumer-centric growth culture, and which will make existing and future colleagues proud to be working at the global headquarters of a $26 billion dollar global snacking leader,” he said in a statement. “Fulton Market is an exciting part of the City of Chicago that has acquired a well-deserved reputation for world-class food. We’re privileged to be part of this rapidly-developing scene.”
Mondelez joins a growing number of corporate HQs that have moved to the neighborhood formerly known as the city’s meatpacking district. McDonald’s arrived in 2018. Google moved in last year.
Tracing its roots back to the National Dairy Products Corporation founded in 1923, Mondelez is an American multinational confectionery that employees 83,000 people worldwide, according to statista.
macrotrends reports that the company generated $25.868 billion in revenue in 2019.
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