Confectionery manufacturer Ferrero Group, known for producing Nutella hazelnut spread and Kinder chocolate, has appointed its first non-family ceo as part of a management restructure.
Ferrero’s plans to build a new production facility in the UK and double its sales here to £400M by 2015 were abandoned because of capital expenditure constraints, it has been revealed.
With accusations of misleading advertising from consumer groups Which? in the UK and Foodwatch in Germany, and bad publicity about the way its Nutella hazelnut spread has been marketed in the US, Ferrero md for UK and Ireland, Christian Walter is remarkably...