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Giovanni Ferrero

January 24, 2020

Ferrero family’s $714 million Nestle sweet tooth, succession battle fears after Lotte Group founder’s death, and William Grant and Sons toast whisky sales growth and investments.

Ferrero family’s $714 million Nestle sweet tooth

The Ferrero family is poised to enjoy the cream off the top of its $2.8 billion cash buy-out of Nestle’s US confectionery business and its $1.8 billion deal for Kellogg Co’s cookies and fruit snack brands with a $714 million (€642 million) dividend.

October 21, 2019

CampdenFB celebrates in October the Top 75 leading lights in the family business and family office space over its 75 issues.

Last week we profiled the key ones-to-watch in the Emerging Markets of the world. We turned our attention to the inspirational figures in Asia-Pacific in the week before and the major players in the Americas at the start of this series. This week, for the fourth and final section, we focus on arguably the heart of the global community of multigenerational family businesses of wealth—Europe.

CampdenFB celebrates in October the Top 75 leading lights in the family business and family office space over its 75 issues. Last week we profiled the key ones-to-watch in the Emerging Markets of the world. We turned our attention to the inspirational figures in Asia-Pacific in the week before and the major players in the Americas at the start of this series. This week, for the fourth and final section, we focus on arguably the heart of the global community of multigenerational family businesses of wealth—Europe. 

April 4, 2019

Lego heir steps down to make way for the next generation, Ferrero to buy Kellogg’s brands in $1.3 billion deal, and JD Sports to acquire Footasylum in £90 million deal.

Lego heir steps down for fourth-gen son to step up

Kjeld Kirk Kristiansen, former chief executive of Danish toymaker Lego Group and grandson of founder Ole Kirk Kristiansen, is stepping down from the board to make way for the next generation.

Kristiansen (pictured), 71, announced he would quit Lego’s board next month in line with the company’s succession plan, leaving his son, Thomas, as deputy chairman. Thomas is the fourth generation to lead the company.

February 6, 2019

Ferrero bids for Kellogg’s cookie and fruit snack businesses, Weatherbys gears up Scottish expansion with new hires, and hedge fund founder David Harding gifts $130 million to Cambridge University.

Ferrero bids for Kellogg’s cookie and fruit snack businesses

Family owned confectionary giant Ferrero has placed a first-round bid alongside competitors Hostess Brands and B&G Foods to buy Kellogg’s cookie and fruit snack businesses.

January 17, 2018

Family-owned confectionery giant Ferrero has rebelled against the retreat from sugary snacks, executing a $2.8 billion buy-out of Nestlé’s US confectionery business.

Family-owned confectionery giant Ferrero has rebelled against the retreat from sugary snacks, executing a $2.8 billion buy-out of Nestlé’s US confectionery business.

The deal will make Ferrero the third-largest player in the world chocolate market, behind fellow family business Mars, and Hershey’s, which bid against the Italian company in the battle for Nestlé.

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