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chocolate maker

February 16, 2015

Italian confectioner Michele Ferrero, who created Kinder eggs and Ferrero Rocher for his eponymous family business, died over the weekend, aged 89. 

Italian confectioner Michele Ferrero, who created Kinder eggs and Ferrero Rocher for his eponymous family business, died over the weekend, aged 89.

The second gen passed away in Monaco, where he lived, on Valentine’s Day – one of the chocolate industry’s most important dates of the year. He had been suffering from illness for the past couple of months.

Although the business has been in the third generation for almost two decades, Ferrero was considered the main decision maker.

July 14, 2014

Russell Stover, the US family-owned chocolate maker famed for one of its product’s appearance in the feature film Forrest Gump, has sold its business to Swiss rival Lindt & Spruengli. 

Russell Stover, the US family-owned chocolate maker famed for one of its product’s appearance in the feature film Forrest Gump, has sold its business to Swiss rival Lindt & Spruengli.

It represents the third time the Missouri-based business, which has revenues of $500 million (€367.0 million), has changed to a new family’s ownership. 

Lindt, controlled by a branch of the founding Sprungli family, anticipates the acquisition will see its US turnover reach more than $1.5 billion by 2015.

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