Kraft Foods
The company has its origins as Kraft Foods, which was founded in 1923 in Chicago. The present enterprise was established in 2012 when Kraft Foods was renamed to Mondelez and retained its snack food business, while its grocery business was spun off to a new company called Kraft Foods Group. The name is derived from the Latin word ("world") and "delez", a fanciful modification of the word "delicious."