Halloween is all fun and screams, but the dark reality of our festival of the spooky and the sweet is this: Behind most of the chocolate you hand out, there are Third World workers -- many of them children -- suffering real horrors of their own.
Hershey has been disturbingly lax in addressing abusive child labor practices in the Africa's cocoa industry, and recently, over 100,000 consumers let the company know they're not pleased. Now the chocolatier is changing its ways -- just in time.
Armajaro Holdings just bought roughly 7% of the global supply of the beans that make chocolate. That's virtually all the cocoa warehoused in Europe: 240,000 tons, valued at close $1 billion. That could push cocoa prices even higher.