Ferrero SpA
Ferrero International SpA (Italian pronunciation: [ferˈrɛːro]), more commonly known as Ferrero Group or simply Ferrero, is an Italian multinational company with headquarters in Alba. Ferrero is a manufacturer of branded chocolate and confectionery products, and the second biggest chocolate producer and confectionery company in the world. Ferrero SpA is a private company owned by the Ferrero family and has been described as "one of the world's most secretive firms". Reputation Institute's 2009 survey ranked Ferrero as the most reputable company in the world.
Headquarters in Alba | |
| Company type | Private |
|---|---|
| Industry | Food |
| Founded | 14 May 1946 |
| Founder | Pietro Ferrero |
| Headquarters | Alba, Piedmont , Italy |
Area served | Worldwide |
Key people | Giovanni Ferrero (executive chairman) |
| Products | Confectionery |
| Brands | List
|
| Revenue | € 11.37 billion (fiscal year 2019) |
| €1,034 million (FY 2018–2019) | |
| Owner | Ferrero family |
Number of employees | 36,372 (2020) |
| Subsidiaries | Burton's Biscuit Company Eat Natural Ferrara Candy Company Fox's Biscuits |
| Website | ferrero.com |
It was founded on 14 May 1946 in Alba, Piedmont, Italy, by Pietro Ferrero, a confectioner and small-time pastry maker who laid the groundwork for Nutella. The company saw a period of tremendous growth and success under Pietro's son Michele Ferrero, who in turn handed over the daily operations to his sons, Pietro Jr. and Giovanni Ferrero (the founder's grandsons).
Pietro Jr., who oversaw global business, died in April 2011 of a heart attack while cycling in South Africa at the age of 47.
The Ferrero Group worldwide – now headed by executive chairman Giovanni Ferrero – includes 38 trading companies, 18 factories, and approximately 40,000 employees, and produces around 365,000 tonnes of Nutella each year.