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confectionary

FB Roundup: Builders Vision, Chick-fil-A, Ferrero Group

October 18, 2021

Walmart heir Lukas Walton makes impact investments in food and environment sustainability, Chick-fil-A heiress joins Cathy family’s billionaire ranks, Family-owned Ferrero sweetens investments in US and UK.

Walmart heir Lukas Walton makes impact investments in food and environment sustainability

Lukas Walton, a next generation member of the Walmart dynasty, has launched a new impact investing platform inspired by the all-natural diet he says helped him recover from cancer as a child.

FB Roundup: Mars Inc, Illycaffe, Hays Travel

November 22, 2020

Mars family eats Kind bars for bite of health snacks market, Illy family pays for recyclable illycaffe coffee capsule takeaways, family business champion John Hays, of Hays Travel, dies aged 71.

Mars family eats Kind bars for bite of health snacks market

The family-owned conglomerate Mars, Incorporated has acquired in full the company behind Kind nut bars and granola for its boldest $5 billion foray into the health snacks market.

FB Roundup: Dyson, Ferrero, Henkel

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.

Family business confectioner Michele Ferrero dies, aged 89

February 16, 2015

Italian confectioner Michele Ferrero, who created Kinder eggs and Ferrero Rocher for his eponymous family business, died over the weekend, aged 89.

Italian confectioner Michele Ferrero, who created Kinder eggs and Ferrero Rocher for his eponymous family business, died over the weekend, aged 89.

The second gen passed away in Monaco, where he lived, on Valentine’s Day – one of the chocolate industry’s most important dates of the year. He had been suffering from illness for the past couple of months.

Although the business has been in the third generation for almost two decades, Ferrero was considered the main decision maker.

Canadian chocolatier wins family business award

September 24, 2013

A Canadian chocolatier that has been in the hands of its current owners for 50 years has been recognised for entrepreneurial achievement over successive generations.

Purdy's Chocolatiers will be presented with the Ernst & Young Family Business Award of Excellence for the Pacific region at a ceremony to be held next week.

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.

Confectionery giants Mars and Wrigley unite

April 28, 2008

Two of the world’s largest family-owned confectionery firms are to merge.

Two of the world's largest family-owned confectionery firms are to merge. Mars Inc has agreed to acquire 100% of the WM Wrigley Company for $23 billion.

Little chicks, big game

January 1, 2004

Just Born’s Peeps outnumber humans by four to one in their homeland. Now the company is to expand that reach internationally with a bold migration strategy

Melanie Stern is Section Editor of Families in Business magazine.

Just Born's Peeps outnumber humans by four to one in their homeland. Now the company is to expand that reach internationally with a bold migration strategy

Murugappa Group

February 1, 2002

2001 IMD award winners, the Murugappa Group, have drawn upon their business acumen, heritage and faith in the family system to help them successfully adapt to change

The Murugappa Group, headquartered in Chennai (Madras), India has grown from humble beginnings to become a very important conglomerate. The company started as the dream of a driven entrepreneur in Burma in the early 1900s. Today it boasts revenues of US$850 million and employs 22, 500 people in its 27 business units. The company is presently undergoing a major change, as it restructures its family governance system. It realises that change is necessary if they want to continue to compete in the world marketplace.