Posts Tagged ‘Ferrero’
Ferrero to launch first North American chocolate production plant
Ferrero North America, part of Ferrero Group, will begin construction of its first North American chocolate production plant early next year. The facility will be an expansion of the company’s current site in Bloomington, IL, and will allow for the manufacturing of brands including Crunch, 100Grand, SnoCaps, Raisinets, and Goobers. The $75M expansion, which will…
Read MoreHotella Nutella pop up by Ferrero
One of the most intriguing culinary pop-up ventures of recent times is about to land, as Ferrero offers what it believes is a first of its kind weekend getaway to Hotella Nutella in the US. Stateside of the hazelnut spread are set to compete for the chance to experience a couple of nights at the…
Read MoreFerrero announces Easter range
Ferrero, the chocolate and hazelnut confectionery producer and Italian company behind Nutella, Kinder, Ferrero Pralines and Tic Tac, has announced it has added 10 new products to its Ferrero Rocher, Kinder and Thorntons portfolios for spring 2020, supported by a multi-million pound media spend. Earlier this year Ferrero showcased a gallery chocolate box and new Tic…
Read MoreFerrero introduces new range to US
Ferrero, the Italian company behind Nutella, Kinder, Ferrero Pralines and Tic Tac, is set to show off a gallery chocolate box and new Tic Tac mint alongside its popular hazelnut-wafer bar at the 2019 Sweets & Snacks Expo (21-23 May). Around the world, consumers have enjoyed Kinder Bueno’s wafer cookie covered in milk chocolate and…
Read MoreFerrero’s palm oil: transparency back to the mills
Ferrero confirms its full ongoing engagement to securing a deforestation-free and exploitation-free palm oil supply chain through active cooperation with NGOs, key stakeholders and suppliers. Ferrero fully welcomes Greenpeace’s request for further supply chain transparency and agrees that this is an essential component of sustainable sourcing and supply chain responsibility. Ferrero had originally agreed with…
Read MoreNestle’s US candy business acquired by Italian giant Ferraro in whopping $2.8bn deal
Ferrero have successfully completed the acquisition of Nestle’s US candy business – which contains well established brands such as Butterfinger, Raisinets, and Baby Ruth and made $924m in 2016 sales – for $2.8bn. The deal only covers Nestle’s US centered confectionery brands, and thus doesn’t include Nestle’s Toll House baking products, and is expected to…
Read MoreAnalysts believe Ferrero would be “third largest player” in US chocolate if Nestle candy business acquired
Should Ferrero successfully acquire Nestle’s US candy business, which – at time of writing – is expected to be completed before the 21st January, they would become the ‘third largest player in chocolate confectionery in the US’, according to Euromonitor. Currently, Ferrero is the fifth largest chocolate brand in the US, however their market share…
Read MoreFerrero’s share growth against Mars in China driven by Kinder Joy
While Mars is still sitting pretty as the current market leader in China’s chocolate confectionery market, the lead it has is being eaten into by Ferrero, who have been growing at an alarming rate over the last five years, with increased shares year-over-year, according to new Euromonitor data. Some of Mars’ brands in China include…
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