Ferrero: latest news, analysis and trading updates | ESM Magazine

Walmart-Backed Ibotta Targets Up To $2.55bn Valuation In US IPO

Ibotta, backed by Walmart, said it was targeting a valuation of up to $2.55 billion in its US initial public offering, the latest technology firm looking t...

Hazelnut Cream Giant Nutkao Up for Sale: Reports

Nutkao, a leading Italian producer of private-label hazelnut cream, is reportedly exploring a sale of around 80% of the company, according to daily Corrier...

Lindt & Sprüngli And Italian Artisans Close To Chocolate Truce

A long-standing dispute between Swiss giant Lindt & Sprüngli and Italian artisan chocolatiers is nearing a resolution.

Annual Revenues At Nutella Maker Ferrero Jump 21%

Revenues at the family-owned Italian food group Ferrero rose 21% to €17 billion in the fiscal year ended August 2023, boosted by organic growth and ac...

Gruppo Veronesi Names Ferrero Italy's Alessandro d’Este As New CEO

Italian cured meats producer Grupo Veronesi has appointed Alessandro d’Este as the new chief executive officer of Veronesi Holding, effective from Ap...

Ferrero Sees Italian Sales Increase, Driven By Nutella, Kinder

Confectionery giant Ferrero's Commerciale Italia division, which is responsible for sales and distribution in its home market of Italy, saw sales rise 6.7%...

Danone In Talks To Sell Its Michel et Augustin Brand

French food company Danone has said that it is in exclusive talks with Italian chocolate firm Ferrero over the sale of its Michel et Augustin brand.

Ferrero Consolidates Position In Biscuit Segment With Kinder Kinderini

Nutella maker Ferrero has launched a new breakfast biscuit, Kinder Kinderini, in Italy, and the company plans to roll out the product in other European mar...