Ferrero began its journey in the small town of Alba in Piedmont, Italy, in 1946. Today, it is one of the world’s largest sweet-packaged food companies, with over 35 iconic brands sold in more than 170 countries. The Ferrero Group brings joy to people around the world with much-loved treats and snacks, including Nutella®, Kinder®, Tic Tac® and Ferrero Rocher®. More than 47,000 employees are passionate about helping people celebrate life's special moments. The Ferrero Group’s family culture, now in its third generation, is based on dedication to quality and excellence, heritage, and a commitment to the planet and communities in which we operate.
FAQs
What are the ethical issues with Ferrero? ›
Ferrero Rocher is also linked to numerous unethical practices, such as unsustainable palm oil consumption and human rights abuses. This has resulted in a bottom rating in the Public Record Criticisms category and Public Record Criticisms+, with the latter only being applied to brands with severe issues.
Who is the CEO of Ferrero? ›MEET FERRERO'S LEADERSHIP TEAM
It is led by Mr Giovanni Ferrero as Executive Chairman and Mr Lapo Civiletti as Chief Executive Officer (CEO).
About Giovanni Ferrero
With an estimated net worth of $37.6 billion as of October 2022, Ferrero ranks as the wealthiest individual in Italy and 28th globally. After education stints in Brussels and at Lebanon Valley College, he led Ferrero Group, rising from joint CEO in 1997 to executive chairman in 2015.
The investigation was sparked by claims from local farmers accusing Ferrero, the producer of Nutella and Ferrero Rocher, of offering low purchase prices for hazelnuts and subsequently retailing its products at significantly higher margins.
What are the challenges faced by Ferrero? ›Labour accusations
In addition to climactic challenges though, Ferrero has also been battling labour abuse accusations in Turkey since late 2021, with farmers claiming to have to 'kneel from dawn to dusk' and complaining of insufficient wages and overall exploitation by the firm.
In October 2017, Ferrero announced that they would acquire the Ferrara Candy Company. The acquisition was completed that December. On 16 January 2018, it was reported that Ferrero was purchasing Nestlé's American confectionery business for $2.8 billion.
Is Ferrero the richest family in Italy? ›He assumed the leadership of the confectionery company Ferrero SpA after the death of his brother Pietro Ferrero in 2011. His personal fortune is estimated at $43.8 billion in 2024 according to Forbes, making him the 26th richest in the world, and richest person in Italy.
Does Nutella own Ferrero? ›Nutella is manufactured by the Italian company Ferrero and was introduced in 1964, although its first iteration dates to 1963.
Why is Ferrero so successful? ›The single most important reason for Ferrero's success ever since its inception is the quality of its products. But Ferrero isn't just about the products; it is about the stand-alone brands – Nutella, Kinder, Tic Tac, and Ferrero Rocher that are renowned worldwide.
How many brands do Ferrero own? ›
At Ferrero, we bring joy to people by delighting and surprising them with delicious products. Discover more than 35 brands belonging to the Ferrero Group.
How much money does Ferrero make a year? ›The business is controlled through the Luxembourg-based holding company Ferrero International. The Alba, Italy-based confectionery sells candy in more than 170 countries and had revenue of ? 16.9 billion ($18.2 billion) in the year ended August 2023, according to filings.
Who is the CFO of Ferrero Group? ›In addition to revenue growth, the global workforce has also grown by over 5,000 people, which is a testament of the long-term vision of our business strategy,” said Daniel Martinez Carretero, Chief Financial Officer at Ferrero Group.
Is Ferrero an Israeli company? ›Ferrero began its journey in the small town of Alba in Piedmont, Italy, in 1946. Today, it is one of the world's largest sweet-packaged food companies, with over 35 iconic brands sold in more than 170 countries.
What does Ferrero mean in English? ›However, ferrero means blacksmith: someone who works iron, and rocher means the kind of large boulder you would put across the mouth of a cave- so a large rock. Surprisingly, therefore, it would seem that a rough translation would be “blacksmith's anvil".
Is Ferrero Rocher chocolate ethically sourced? ›At Ferrero, 100% of the cocoa in our products is sourced through independently managed sustainability standards such as Rainforest Alliance, Cocoa Horizons or Fairtrade Foundation.
What are the ethical issues of the chocolate industry? ›So if you have had a taste of rich, luscious bitter compounds it is these cacao beans are definitely from these regions. However, there is enough press around cocoa industry's direct connection to the worst forms of child labor, human trafficking, and slavery.
What are the weaknesses of Ferrero? ›Threats to Ferrero
Ferrero also faces certain threats that can impact its position in the market. These threats include: Intense Competition: The confectionery industry is highly competitive, with major players like Mars, Hershey's, and Nestle vying for market share.
Nutella receives a bottom rating for Palm Oil Free, as the brand is well known for its high consumption of palm oil, which is one of the main ingredients in Nutella spread.