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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2011/01/green-blacks-seeks-kraft-split.jpg"><img class="alignnone size-full" title="Organic chocolate maker Green &#038; Black's is looking to buy itself out of US food giant Kraft" src="http://londonglossy.com/wp-content/uploads/2011/01/min-green-blacks-seeks-kraft-split.jpg" alt="Organic chocolate maker Green &#038; Black's is looking to buy itself out of US food giant Kraft"/></a></p>
<p>Organic chocolate maker Green &#038; Black&#8217;s is looking to buy itself out of US food giant Kraft following the Cadbury takeover last year, it has been reported.</p>
<p>Bosses at Green &#038; Black&#8217;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.</p>
<p>Kraft acquired Green &#038; Black&#8217;s as part of its controversial acquisition of Cadbury in early 2010.</p>
<p>It is thought that Green &#038; Black&#8217;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.</p>
<p>Cadbury bought Green &#038; Black&#8217;s six years ago for an estimated £20 million, having already taken a small stake in the group in 2002.</p>
<p>Green &#038; Black&#8217;s was founded as an ethical fairtrade and organic chocolate firm in 1991 by Whole Earth Foods entrepreneur Craig Sams and his wife Josephine Fairley.</p>
<p>It started off with a bittersweet dark chocolate bar, made with 70% cocoa solids, before branching out into different flavours.</p>
<p>It is thought that Green &#038; Black&#8217;s was also unhappy as part of Cadbury, despite being treated as an independent business.</p>
<p>Speculation over a management buyout first emerged last summer when former Cadbury chief strategy officer mark Reckitt quit Kraft to work in the US while also acting as a consultant to Green &#038; Black&#8217;s for one day a week.</p>
<p>Green &#038; Black&#8217;s and Kraft were not immediately available for comment.</p>
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