The Traderszone Network

Published in TZ Latest News 14 February, 2015 by The TZ Newswire Staff

Michele Ferrero, owner of Nutella empire, dies at 89

Michele Ferrero, Italy’s richest man and the owner of a global chocolate and confectionery empire, died on Saturday, two workers within the company said. His death is likely to spur talk of succession and potential tie-ups at the family-controlled Ferrero group, which has continued to grow even through Italy’s longest recession since World War Two. The group, which makes chocolate-hazelnut Nutella spread, Ferrero Rocher pralines and chocolate Kinder eggs, is seen by analysts and bankers as Italy’s most valuable privately owned company.

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