Michele Ferrero & family – Food & Confectionery – Italy

 

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Michele Ferrero & family – Food & Confectionery – Italy

 

Main Page: Top 100 Billionaires 2006

 

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Michele Ferrero & family

 

Industry - Food & Confectionery

Citizenship - Italy

Age - 79

Net worth (US $ billion) - 10.0

Country of Residence - Monaco 

 

Content derived from Wikipedia article on Michael Ferrero

 

Michele Ferrero

From Wikipedia, the free encyclopedia

 

 

This remarkable story began in 1946, in Italy, where, after the war, candy and confections were in short supply and were purchased mainly for special occasions from the local sweet shop. It was here in northwestern Italy in the small town of Alba, that master confectioner Pietro Ferrero developed a system that enabled him to mass-produce true quality confections and offer them to consumers at reasonable prices.

 

Contents

 

1 Chocolate magnate

2 Catholic priest

3 See also

4 External links

 

Chocolate magnate

Michele Ferrero (b. 1927) is the owner of the eponymous chocolate maker Ferrero SpA, one of Europe's largest with estimated 2002 sales of $4 billion. Brands include Nutella, Mon Ch้ri, Kinder Chocolate, Ferrero Rocher, Tic Tacs and Kinder Eggs.

 

The first of the Ferrero products was Pasta Gianduja, a chocolate-hazelnut spread that, re-named Nutellaฎ, was destined to become the #1 selling sweet spread in the world. Since that first successful venture, Ferrero has gone on to introduce many of the most celebrated confectionery brands in the world.

 

Although Pietro Ferrero and his brother Giovanni had laid the groundwork for future company success, when both died in the early 1950's, it fell to Pietro's son, Michele Ferrero, to continue the pursuit of their vision, as Ferrero expanded across Europe and then abroad.

 

Ferrero first moved beyond Italy in 1956, establishing both manufacturing facilities and offices in Germany. This was followed by new facilities in France in 1958.

 

In the late 60's and early 70's, Michele Ferrero began a strong new phase of international expansion with sales offices and production facilities outside Europe. Ferrero U.S.A., Inc. was first, then came Ferrero Canada, Ferrero Australia, Ferrero Ecuador, Ferrero Brazil, Ferrero Japan, and Ferrero Inc. in Puerto Rico.

 

More recently, offices have been opened in Hungary, Poland and in the Czech Republic.

 

 

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Credits & Copyright: This page is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article Michael Ferrero

 

 

 

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