Pins matching place:Luxembourg

Ferrero's CEO Giovanni Ferrero, grandson of the founder, announced he would become executive chairman from 1 September 2017 and hand the CEO role to Lapo Civiletti, the first non-family chief executive.

Ferrero agreed to pay $2.8 billion in cash for Nestlé's US confectionery arm, over 20 brands including Butterfinger, Baby Ruth, Crunch, Nerds and SweeTarts, making it the third-largest US confectionery company.

Ferrero enters ice cream with Ferrero Rocher, Ferrero Rocher Dark and Raffaello sticks, made in Alzira, Spain, and launched first in five European countries in 2021.

Ferrero International S.A. approved its consolidated accounts for the year to 31 August 2021: turnover of EUR 12.7 billion, up 3.4% from EUR 12.3 billion, with 38,767 staff and 32 plants.

Ferrero's turnover rose 10.4% to EUR 14 billion in the year to 31 August 2022, with growth led by the USA and Italy and the FULFIL Nutrition bar maker bought in June 2022.

Nutella opens a year of celebrations for its 60th birthday on World Nutella Day 2024, with limited-edition character jars and a global #GiveANutellaSmile campaign.

Ferrero's turnover jumped 20.7% to EUR 17 billion in the year to 31 August 2023, boosted by the Wells Enterprises ice-cream deal; plants rose from 32 to 37 and staff to 47,212.

A vegan-certified Nutella that swaps milk for chickpeas and rice syrup, launched in Nutella's 60th year in Italy, France and Belgium in a 350g jar.

Ferrero's turnover rose 8.9% to EUR 18.4 billion in the year to 31 August 2024, the year Nutella Ice Cream launched; capital investment grew 18% to EUR 958 million.

Tic Tac's new sugar-free mint is twice the size of the original, with two layers of contrasting flavour, in Raspberry & Lemon, Strawberry & Lime and Fresh & Mild Spearmint.

After six months and 73 hearings, a Senate commission said the French state hid Nestlé Waters' use of banned treatments on Perrier, Vittel, Contrex and Hépar, a fraud France's fraud-control agency puts at over 3 billion euros.

Cloud-provider lobby CISPE asked the EU General Court (Case T-503/25) to annul the Commission's 12 July 2023 clearance of Broadcom's acquisition of VMware (Case M.10806). It argues the Commission failed to assess the deal's effects on server virtualisation software, bundling and innovation.

Ferrero's turnover rose 4.6% to EUR 19.3 billion in the year to 31 August 2025, with capital investment of close to EUR 1.1 billion and the WK Kellogg Co cereal deal closing just after year-end.

Ferrero split its top job: Alessandro Nervegna will run the core confectionery, biscuits and better-for-you business, while CEO Lapo Civiletti moves to lead Ferrero Ice Cream and WK Kellogg Co from 1 September 2026.

Broadcom and VMware International asked the EU General Court to annul the Commission's 26 February 2026 information decision in case AT.40924, in so far as it compels documents held outside the EU and legal advice privileged under US and other non-EU law (Case T-280/26).

Ferrero plans ten seasonal and limited-edition Wonka products across chocolate, candy, ice cream and cereal for the US and Europe, in an exclusive global tie-up with Netflix.

The General Court's President dismissed Broadcom's bid to suspend the Commission's demand for communications with in-house lawyers qualified outside the EU, finding no prima facie case and that the Commission's interest in enforcing competition rules prevails (T-280/26 R). The annulment action continues.

Ferrero's new structure took effect: Alessandro Nervegna became CEO of Ferrero Core and Lapo Civiletti, CEO since 2017, became President of Ferrero Ice Cream and WK Kellogg Co, both reporting to Giovanni Ferrero.

Ferrero's consolidated accounts for the year to 31 August 2026, the first full year to include WK Kellogg Co's US cereal business, are expected in mid-February 2027.