Nestlé has agreed to sell its US confectionery business, made up of more than 20 brands, to Italian confectionery giant Ferrero for $2.8bn. The confectionery business of Nestle in the US makes up about 3% of US Nestle Group sales. In 2016, the US confectionery business earned around $900m for the group. Some of the well-known chocolate brands of Nestle… Read more »
Ferrero is reportedly close to buying Nestlé’s US confectionery business in a deal which is expected to reach $2.8 billion. The Italian company, which produces Nutella, Tic Tacs and Ferrero Rocher, is keen to expand its business in the US following last year’s purchases of Ferrara Candy – the third-largest manufacturer of non-chocolate confectionery in the US – and boxed… Read more »
International food retail group Delhaize has been ordered by a Belgian National Court to stop using “misleading communication” against palm oil following an appeal in Brussels brought by Italian confectionery giant Ferrero. Earlier this month the Belgian Court of Appeal declared that the Belgian supermarket chain must ditch using incorrect communication in relation in palm oil following claims in its… Read more »
The Ferrero Group has decided to undertake a new governance set up to strengthen its competitive position in the chocolate and sweet packaged food market worldwide and accelerate growth momentum.
Giovanni Ferrero denies speculation triggered by father’s death.
The 2014 European Candy Kettle Club award recipient typifies what the Ferrero Group stands for: innovation and a passion for producing affordable yet premium quality confectionery products.
DHL Supply Chain has been helping Ferrero UK to meet the high demand of retailers across the UK this Christmas by packing and distributing millions of chocolate products across the country.
A selection of Ferrero products have gained the prestigious Vegetarian Society Approved Trademark. Products approved include Nutella, Ferrero Rocher, Kinder Surprise and Kinder Bueno.
Vanessa Brown, head of business and catering services, said: “We are very pleased to announce this news it’s great that an international group such as Ferrero is taking its vegetarian customers seriously. No other vegetarian trademark can give consumers such reassurance and inspire such trust.”
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.