Ferrero Spa

Nestlé sells US confectionery arm to Ferrero in £2.03bn deal

17-Jan-2018 By Gwen Ridler

Nestlé has sold its US confectionery arm – including well-known brands Crunch, Nerds and Butterfinger – to Ferrero, in a deal worth $2.8bn (£2.03bn).

M&A

Nutella owner Ferrero acquires Nestlé’s US candy business for $2.8bn

16-Jan-2018 By Douglas Yu

Nestlé has sold its US candy business ($924m in 2016 sales), which includes Butterfinger, Baby Ruth and Raisinets, to Nutella maker Ferrero for $2.8bn in cash.

Ferrero opens logistics center in France to tailor packs for each retail channel

11-Jul-2017 By Oliver Nieburg

Ferrero France has opened a new logistics and co-packaging center in Saint-Quentin Fallavier near Lyon, which will be operated by SPI Logistic.

Ferrero-owned Kinder secures licensing deal with Despicable Me 3

09-May-2017 By Douglas Yu

Kinder is rolling out Despicable Me-themed Surprise Eggs in the UK under a partnership with Universal Pictures.

Ferrero names internal candidate as next CEO

30-Mar-2017 By Oliver Nieburg

Ferrero has appointed a CEO to take over duties from Giovanni Ferrero, who will become executive chairman.

Ferrero drops Romanian Kinder Egg subcontractor amid child labor concerns

29-Nov-2016 By Douglas Yu & Oliver Nieburg

Ferrero has terminated all relations with subcontractors Prolegis in Romania after allegations children had been working long hours for low pay to produce toys for Kinder Eggs.

Ferrero’s Kinder Surprise toy linked to child’s death in France

22-Jan-2016 By Oliver Nieburg

Prosecutors are investigating if a three-year old girl in France died after choking on a toy from a Kinder Surprise egg.

‘Ferrero is not and will not be up for sale,’ says CEO

18-Feb-2015 By Oliver Nieburg

Ferrero’s CEO has dismissed speculation the firm will be sold following the death of owner Michele Ferrero.

Ferrero acquires hazelnut supplier Oltan

17-Jul-2014 By Oliver Nieburg

The world’s biggest hazelnut buyer Ferrero has purchased the world’s largest hazelnut processor The Oltan Group for an undisclosed sum.

Ferrero to tap into rapid Indian chocolate growth with new production site – analysts

27-Oct-2011 By Oliver Nieburg

Italian chocolatier Ferrero has opened its first production facility in India; a chocolate market analysts have said has huge potential.