Green & Black's 'to seek split from Kraft'

Organic chocolate maker Green & Black’s is looking to buy itself out of US food giant Kraft following the Cadbury takeover last year, it was reported today.

Bosses at Green & Black’s are hoping to secure a management buyout or to hive themselves off under a different ownership structure as they struggle to retain their entrepreneurial spirit as part of Kraft, according to the Financial Times.

Kraft acquired Green & Black’s as part of its controversial acquisition of Cadbury in early 2010.

It is thought that Green & Black’s approached Kraft with an initial proposal to spin-off from the firm at the end of last year, but the approach was reportedly rejected.