Ferrero owner dies in cycling incident

      Comments Off on Ferrero owner dies in cycling incident

Pietro Ferrero, the chief executive of the Ferrero Group holding company that produces Nutella, Tic Tac mints, and other confections, and a scion of one of Italy’s richest families, died yesterday after falling from a bicycle while on a business trip in South Africa. He was 47.

Mr. Ferrero was also chairman of Ferrero SpA, the Italian branch of the family-run company and the heart of the candy and sweets empire.

The company’s press office in Alba, northwestern Italy, said that Mr. Ferrero, a cycling enthusiast, was on his usual training ride on a road in Cape Town when he fell off the bicycle. It was not clear what prompted the fall, the statement said.