Ferrero is an international confectionery company. Founded by Pietro Ferrero Jr. in 1946, Ferrero is a private company. The head office for Ferrero is located in Alba, Piedmont, Italy.
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Italian confectioner Ferrero has made a surprise move for UK chocolate maker and retailer Thorntons. One cannot ignore the fact Thorntons has had some challenges, not least in recent quarters with sales to UK multiples under pressure. What could be behind Ferrero's decision? Hannah Abdulla explores.
Mars Inc plans to step up investment in the Indian chocolate sector by investing in local production. The Indian chocolate market is dominated by Mondelez International-owned Cadbury, with Nestle becoming a somewhat distant second. With strong growth in demand and a growing tendency for consumers to trade up to higher-margin products, could Mars' push in India challenge the established players in the market?
Ferrero Group is purportedly re-thinking its investment plan in India due to difficulties with regulators in the country. The Indian market - with its massive population and still growing middle class - is a huge opportunity for FMCG manufacturers. But, as the Ferrero case shows, Indian regulations continue to discourage investment in local production - to the detriment of the country's economic outlook.
Working with Kantar Worldpanel, just-food provides a data set showing the ten most-chosen food brands in the BRICs in 2013. Ferrero's Kinder and Mondelez International's Alpen Gold were new entrants into the list.
UK confectioner Thorntons is undergoing something of a transformation. The chocolate and toffee producer, which has been hit hard by the consumer downturn, is midway through a strategic shift to close the bulk of its store network and focus on commercial sales. Since taking the helm in May 2011, Jonathan Hart has had a mountain to climb: rebalancing the portfolio while tackling weak consumer demand. Nonetheless, the chief executive tells Michelle Russell that the firm is now on the right road for its strategy re-think to deliver improved results.
Ferrero, the Italy-based confectionery giant, first entered the UK back in 1966 and has steadily built a business generating GBP200m sales a year. However, under local managing director Christian Walter, the group is planning an offensive on this side of the English Channel. For this month's just-food interview, Dean Best met Walter to discuss Ferrero's plans.
Food companies that fall short of commitments to supporting certified sustainable palm oil (CSPO) production should be "called to account by their competitors and customers", the World Wide Fund For Nature (WWF) has said in a new report.
Italy-based confectioner Ferrero has confirmed it has made a formal bid to acquire Belgian biscuits maker Delacre, which is part of Pladis, the newly-formed biscuits and chocolate subsidiary of Turkish conglomerate Yildiz Holding.
Ferrero is to invest more than CAD36m (US27.5m) in a project to make three additional products at its Brantford plant in Canada's Ontario province.
United Biscuits owner Pladis has played down reports that it is in talks with Ferrero, aimed at the Italian confectionery company acquiring Pladis' Belgian luxury biscuits business Delacre.
UK cake and bread maker Finsbury Food Group has reported increased sales revenue of nearly 25% for the full financial year ended 2 July in a pre-close trading statement released today (19 July).
Italian confectionery company Ferrero has reassured consumers of the safety of its products following the discovery in Germany of mineral oils in the packaging of chocolate products from Ferrero and other chocolate companies.
Ferrero appears set to be barred from selling its Kinder chocolate eggs in Chile.
Italian confectionery company Ferrero is to double the amount of cocoa it purchases from Fairtrade-certified farmers to 40,000 tonnes over the next three years.
Global food firms including Mondelez International, PepsiCo, Nestle, Kellogg and Mars Inc. have announced a new pledge to phase out industrially produced trans-fats from their foods by 2018.
Greenpeace has insisted there is "a considerable amount of work to be done" before consumer goods companies can say no deforestation takes place in their supply chains in a report critical of FMCG giants including PepsiCo.
Ferrero is to invest at its plant in Brussels, a move expected to create 50 new jobs.
Ferrero has confirmed it is ramping up production at its facility in India.
Ferrero expects to add up to 700 jobs at its manufacturing site in Hangzhou in south-eastern China.
French retailer E.Leclerc is to contest a decision by the Paris Appeal Court ordering it to reimburse EUR61.3m to 48 of its suppliers.
Ferrero has launched its Tic Tac Mixers product in the UK.
This week, members of The Consumer Goods Forum committed to halving food waste by 2025. Elsewhere, Ferrero made a bid to acquire UK confectioner Thorntons. Nestle appointed a new CFO to replace Wan Ling Martello and First Milk chairman, Sir Jim Paice, resigned. Here is the week in quotes.
This week has been bumper for food sector M&A. Ferrero announced that it is gobbling up UK chocolate maker Thorntons. JBS is taking control of Moy Park from heavily indebted Brazilian meat group Marfrig. Grupo Bimbo also announced it has purchased parts of Spanish baker Panrico. Meanwhile, in the world of retail, Delhaize and Ahold revealed plans to combine. Here is just-food's top news and insight coverage from this week.
Italian confectioner Ferrero has launched a takeover bid to buy UK chocolate group Thorntons, in a deal valuing the business at just under GBP112m.
China continues to be an issue for Hershey, which today (19 June) cut its forecast for 2015 sales for the second time this year thanks to challenges in the market. Meanwhile, around 300 jobs are to go at the US confectionery giant as it tries to react quicker to changing market trends. Nestle, which has had its own issues in China, this week also indicated growth in parts of Africa had not been as rapid as it had hoped.
Hershey today (19 June) announced plans to cut 300 jobs as part of fresh efforts to improve productivity and make the company "more flexible". It also cut its 2015 sales forecast for the second time this year - and its earnings guidance for the first time - amid continued challenges in China. Elsewhere this week, we kicked off our latest management briefing, which look at the sustainability of agricultural supply chains. And Ferrero found itself under fire from a French government minister, who claimed the way the company sourced ingredients for Nutella was hurting the environment.
Ferrero has taken a small French company, Noiseraie Productions, to court over one of its products, Nuté+, an organic palm oil-free chocolate spread, claiming its name contravenes fair competition.
France's environment minister, Ségolène Royal, has appealed to consumers to stop eating Nutella to help protect the Earth's eco-systems.
Since Ferrero announced the death of company founder Michele Ferrero at the weekend, there has been fresh speculation over the future of the Kinder and Nutella maker. Today (18 February), the Italy-based giant looked to quash the rumours.
Unilever and Ferrero have become the latest firms to come under fire for launching controversial advertising campaigns.
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