Cadbury is 'preparing for a hard Brexit' by stockpiling chocolates and biscuits

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• Mondelez Europe President tells The Times that it is stockpiling ingredients, chocolates, and biscuits in the UK in preparation for a no deal Brexit.
• Mondelez owns Cadbury chocolate, as well as brands like Oreo and Ritz Crackers.
• Mondelez would prefer free trade with Europe but is "preparing for a hard Brexit."

(Reuters) - Mondelez International, the owner of Cadbury brand, is stockpiling ingredients, chocolates, and biscuits in case of a no-deal Brexit, the Times reported on Tuesday, citing the president of Mondelez's European division.

The United Kingdom is due to leave the European Union on March 29, but there is no full exit deal and Britain's ruling party is split over Prime Minister Theresa May's "Chequers" plan to largely accept a "common rulebook" over goods.

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SEE ALSO: Brexit stockpiling could make a mini recession next year 'almost inevitable' for the UK

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