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Ferrero

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: 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.

FB Roundup: Lego, Ferrero, and Footasylum

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.

FB Roundup: Ferrero, Weatherbys, and David Harding

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.

Sweet deal: Ferrero buys Nestle's US candy for $2.8 billion

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.

Ferrero Group appoints first non-family chief executive

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.

Ferrero to focus on organic growth and emerging markets

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.

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.

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.

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.