The majority of Ferrero's fortune is held in investment company Ferrero International, owner of the world's fourth-largest chocolate maker. The company operates more than 70 affiliated operations, with 38 business units and 15 production plants in more than 100 countries. Products include Ferrero Rocher hazelnut chocolates, Nutella and Tic Tac.
In 1946, brothers Ambrogio and Egidio Perfetti took over their father’s small candy workshop in Lainate, Italy. One of the their earliest products was the country’s first brand of chewing gum, Brooklyn, which featured the iconic New York City bridge on the wrapper.
Pietro Ferrero , chief executive officer of the Ferrero group, maker of Nutella chocolate spread and Tic Tacs, and heir to Italy’s biggest fortune, died of a suspected heart attack in South Africa. He was 47.
Dell Inc., the world’s second- largest personal-computer maker, and two suppliers were told to pay $5.4 million to closely held Convolve Inc. after a jury found they infringed a patent related to hard-disk drives.
Bloomberg Markets’ inaugural list of the world’s richest people showcases the billionaires who pull the levers on the global economy. Their net worth totals $2.7 trillion, about the size of the gross domestic product of France, the fifth-biggest economy on the planet.
Ferrero SpA , the maker of the Nutella hazelnut spread controlled by billionaire Michele Ferrero , sought to stop a Singapore coffee shop chain from selling a drink called Nutello, claiming a trademark violation.
Publicis Groupe SA, the third- largest advertising agency, won a marketing account from Italian chocolate-maker Ferrero SPA valued at 350 million euros ($470 million) to 400 million euros annually, said a person with direct knowledge of the matter.
The 20 richest people on Earth lost a combined $11.3 billion yesterday as global markets fell after European economic growth slowed and investors weighed Greece’s chances of getting bondholders to accept a debt swap.
The 40 richest individuals on Earth lost a combined $6.2 billion yesterday as stocks dropped amid disappointing U.S. earnings, according to the Bloomberg Billionaires Index, a daily ranking of the wealthiest people.