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Ferrero

March 22, 2021

Poonawalla family’s Serum Institute under pressure to deliver Covid-19 vaccines, Ferrero-owned Thorntons exits shop estate for e-commerce, Murdoch’s News Corp wins content compensation from Facebook.

Poonawalla family’s Serum Institute under pressure to deliver Covid-19 vaccines

Serum Institute of India, the second-generation Poonawalla family business and the world's largest manufacturer of vaccines by volume, has delivered half of the agreed 10 million Oxford-AstraZeneca doses from India to the United Kingdom, contributing to the delay of the UK’s vaccination programme.

October 9, 2020

James Dyson says entrepreneurialism and wealth creation will help Covid-19 economic recovery, Ferrero family takes the biscuit at Fox’s as acquisition spree continues, Henkel charts modest fourth quarter recovery without lockdowns.

James Dyson says entrepreneurialism and wealth creation will help Covid-19 economic recovery

Family business founder Sir James Dyson says entrepreneurialism and wealth creation should be encouraged to recover the economy from Covid-19 as he announced his Dyson Institute will be permitted to award its own degrees for the first time.

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.

October 27, 2017

Hackers crack offshore law firm; Ferrero eats up Ferrara; and Kraft in peanut butter battle down under.

Hackers crack offshore law firm

Ultra-high net worth clients of a Bermuda-based law firm may be at risk of having their financial details exposed, as journalists investigate information stolen in a cyber-attack.

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.

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