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Cadbury

September 25, 2020

Agnelli family’s Exor deals risk with GEDI but reward with Fiat Chrysler; e-commerce, Chinese and comfort sales cushion L’Oreal against the coronavirus, heiress Verena Bahlsen leads her family business to innovation and social responsibility.

Agnelli family’s Exor deals risk with GEDI but reward with Fiat Chrysler

The completion of the Agnelli family’s €104.2 million ($121 million) buy back of control of GEDI from the De Benedetti family came at a fortuitous time as Italy’s largest editorial group suffers in the first half of the year of the coronavirus.

Agnelli family becomes largest shareholder in Economist

August 12, 2015

Exor, the multi billion dollar investment vehicle for the Agnelli family, has become the largest shareholder in The Economist Group after British owner Pearson sold its 50% stake to a group of families for £469 million ($731 million).

Under the terms of the deal, Exor Spa, headed by fifth-gen John Elkann, will pay £287 million to increase its stake to 43.4% from 4.7% and the Economist Group will buy back the remainder of Pearson’s stake for £182 million.

God 1, Mammon 0

March 11, 2013

Religious-based family firms were common in the west in the 19th century, and with
the rise of the new economies faith is once again driving businesses.

If you stick around long enough, most things will come back into fashion. Until recently, the family-owned firm with a religious ethos would be regarded in fashionable western business schools as vaguely 19th century, conjuring images of earnest Quakers in sober attire, building model villages and fretting over the character of the working man.

How to destroy a family business

June 7, 2011

Cadbury was one of the great British family companies. The company won their way into the hearts and minds not just of the British public over two centuries but confectionary consumers everywhere.

Cadbury was one of the great British family companies. The Birmingham-based Quaker clan who founded it back in the early 19th century virtually wrote the book on how to combine family values with keen commercial nous, enlightened philanthropy and an honorable tradition of commitment and engagement to its workforce and community.

Ferrero's folly?

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.

Kraft takeover of Cadbury “a horror story” says family member

January 19, 2010

Felicity Loudon, fifth-generation of the founding Cadbury family, said the news that Cadbury has agreed the terms of a takeover by Kraft was awful. “It’s a horror story,” she told the BBC this morning.

Felicity Loudon, fifth-generation of the founding Cadbury family, said the news that Cadbury has agreed the terms of a takeover by Kraft was awful. "It's a horror story," she told the BBC this morning.

Ferrero family set to abandon Cadbury bid

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.

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.

Will Ferrero family unity melt over Cadbury offer?

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.

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.

The families behind the Cadbury/Kraft bid

October 8, 2009

As the confectionery world waits to see the outcome of Kraft Foods’ recent surprise bid for Cadbury, many different story lines have developed, including the influence of prominent family businesses, writes Otis Baskin

Otis W Baskin is an associate of The Family Business
Consulting Group and professor of management at the Graziadio School of
Business, Pepperdine University.

As the confectionery world waits to see the outcome of Kraft
Foods' recent surprise bid for Cadbury, many different story lines have
developed.