For the originally-unrelated American company that Ferrero acquired in 2017, see Ferrara Candy Ferrero rocher valentine’s day. Ferrero Group or simply Ferrero, is an Italian multinational company with headquarters in Alba, Italy.
April 2011 of a heart attack while cycling in South Africa at the age of 47. 38 trading companies, 18 factories, and approximately 40,000 employees, and produces around 365,000 tonnes of Nutella each year. In 1946, Pietro Ferrero invented a cream of hazelnuts and cocoa, derived from gianduja and called it Pasta Gianduja. With assistance from his brother Giovanni Ferrero Sr. Pietro Ferrero created his new company to produce and market the initial product. Pietro was succeeded by his son Michele Ferrero as chief executive.
Michele and his wife Maria Franca relaunched his father’s recipe as Nutella, which was first sold in 1964. The company places great emphasis on secrecy, reportedly to guard against industrial espionage. It has never held a press conference and does not allow media visits to its plants. In 2014, Ferrero acquired Oltan Group, the largest hazelnut supplier in the world.
In March 2017, Ferrero SpA bought the chocolate maker Fannie May from 1-800-Flowers. Ferrero indicated that they hope to expand Fannie May, with locations across the US, not just in Chicago. On 30 March 2017, it was announced that Lapo Civiletti would be the first non-family CEO in the history of the company, taking up the role from 1 September, while Giovanni Ferrero would become the executive chairman, focusing on long-term strategy. In October 2017, Ferrero announced that they would acquire the Ferrara Candy Company. The acquisition was completed that December.
On 29 July 2019 Ferrero further expanded its US operations by purchasing a collection of business owned by Kellogg’s. In December 2020, Ferrero announced it was acquiring healthy snack company Eat Natural. In June 2021, Ferrero bought British firm Burton’s Biscuit Company, which at the time of purchase employed 2,000 people at six plants in the UK. In April 2022, it was announced Ferraro had acquired the Dublin-based vitamin and protein bar producer, Fulfil Nutrition.
The outbreak affected European countries, with products being recalled “as a precautionary step”. Products were also recalled in Canada and the US. On 8 April, Belgian authorities ordered the closure of a Kinder chocolate factory in Arlon suspected to be behind the outbreak. As of 8 April 2022, 150 cases had been reported in ten European countries, including Belgium, France, Germany, Ireland, Luxembourg, the Netherlands, Norway, Spain, Sweden and the United Kingdom. The production of Nutella uses one-quarter of the world’s annual hazelnut supply. In 1983, the company established the Ferrero Foundation in Alba, Piedmont at the wish of Michele Ferrero. The foundation promotes activities in the areas of art, science, history and literature by organizing conventions, conferences, seminars and exhibitions.
It also offers health and social assistance to ex-employees who have been with the group for at least 25 years. Italy’s meltdown over EU Nutella ban that never was”. World’s Most Reputable Companies: The Rankings”. Italy’s richest man, Michele Ferrero, dies after illness”. Michele Ferrero, Nutella owner and Italian richest man, dies aged 89″. Nutella: How the world went nuts for a hazelnut spread”. Ferrero Agrees to Acquire UK’s Thorntons”.
Ferrero completes deal for United Biscuits’ Delacre”. Ferrero International to acquire Fannie May Confections”. Italian maker of Nutella buys Fannie May”. Ferrara Candy to be acquired by Nutella maker Ferrero”. Ferrero Completes Acquisition of Ferrara Candy Company”. Zlati Meyer,”Nestle is selling its U. Ferrero Completes Acquisition of Nestlé USA’s Confectionary Business”.
3 Billion Acquisition Of Kellogg’s Brands”. Ferrero CEO Paul Chibe dishes on great marketing risk taking Star Trek”. Ferrero snaps up Fox’s Biscuits to expand cookie business”. Ferrero Group to acquire healthy snack company Eat Natural”. EFSA and ECDC investigate multi-country Salmonella outbreak linked to chocolate products”. EU officials investigate salmonella cases linked to Kinder chocolate eggs”.