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Ferrero

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.

April 3, 2017

The third generation Italian family behind chocolate brands Nutella, Kinder eggs and Tic Tac, has announced its first non-family chief executive as part of its new global expansion plan.

The third generation Italian family behind chocolate brands Nutella, Kinder eggs and Tic Tac, has announced its first non-family chief executive as part of its new global expansion plan.

October 31, 2011

Italian chocolate maker Ferrero will focus on organic growth and selected investments outside Europe, according to the family business’s chief executive, Giovanni Ferrero.

Italian chocolate maker Ferrero will focus on organic growth and selected investments outside Europe, according to the family business’s chief executive, Giovanni Ferrero.

In a rare interview with the press, Ferrero, who in April became the group’s sole chief executive following the death of his brother Pietro, told Milan-based newspaper Corriere della Sera that for the time being the company does not intend to make any major acquisitions.

January 20, 2010

We can only speculate as to the real reasons the Ferrero family abandoned its consortium bid for the UK’s Cadbury for at least the second time in a decade, write Ben Harper and Shonali Sashikant of Peter Leach LLP

We can only speculate as to the real reasons the Ferrero family abandoned its consortium bid for the UK's Cadbury for at least the second time in a decade, write Ben Harper and Shonali Sashikant. 

The proud third-generation Italian business, with a turnover of €6.2 billion and a string of industry awards to its name, recently shocked the business community with its sudden withdrawal in the high profile battle against, amongst others, the US goliath Kraft.

January 13, 2010

Family-owned Ferrero, the Italy-based chocolate maker, has decided not to proceed with a bid for UK confectionary company Cadbury, according to media reports this morning.

Family-owned Ferrero, the Italy-based chocolate maker, has decided not to proceed with a bid for UK confectionary company Cadbury, according to media reports this morning. 

The decision was made by Michele Ferrero, the group's chairman and family patriarch, people familiar with the situation told the Financial Times. It is understood Michele Ferrero believed going forward with the bid would create too much debt for the company.

November 19, 2009

The Ferrero family, owners of the Italian confectionary company of the same name, refused to comment on speculation that it is divided over its interest in chocolate maker Cadbury.

The Ferrero family, owners of the Italian confectionary company of the same name, refused to comment on speculation that it is divided over its interest in chocolate maker Cadbury.

When contacted by www.campdenFB.com this morning, they returned a clear "no comment" message. Yesterday, Ferrero announced that it is considering whether to enter a bid for the UK-based company.

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