Italian-founded global confectionery brand Ferrero has joined other major firms in releasing its sustainability performance action plan to protect forests in Ghana and Ivory Coast. The business said it had made notable progress as part of its joint initiative with the two African governments alongside industry, with the likes of Olam, Mars Wrigley, Nestle and Barry Callebaut all having similarly… Read more »
Italy’s Gruppo Ferrero reported a consolidated turnover of around €11.4 billion, up 6.2% year-on-year, in its financial year ended 31 August 2019. The company generated almost €8.1 billion of its total turnover in Europe, driven by strong performance in Germany and France. In non-European markets, the confectioner’s turnover amounted to approximately €3.3 billion, with the US as a top performer…. Read more »
The Ferrero Group and its related companies (“Ferrero”), announced that it has completed its previously announced acquisition of Kellogg’s cookie, fruit and fruit-flavored snack, ice cream cone and pie crust businesses for $1.3 billion. The acquired brands represent a portion of Kellogg’s North America snacking business. Specifically, it includes select cookies businesses, including brands like Keebler, Mother’s, Famous Amos, Murray’s,… Read more »
Global confectionery group Ferrero claimed a new product accolade for its new Tic Tac X-Freeze mints at the Sweets and Snacks Expo, as part of several key launches at the show in Chicago. Speaking to Confectionery Production at the US event, Paul Chibe, the company’s president and chief executive of its north American operations, welcomed the honours for its new… Read more »
Ferrero is preparing major expansion in its Russian confectionery market operations during next decade, reports Eugene Gerden, exclusively from Russia, for Confectionery Production Global confectionery group Ferrero is aiming to invest up to €80 million in its Russian confectionery business, according to latest reports. As part of its plans, the majority of funds are considered to be focused on the… Read more »
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.
