All articles tagged with #ferrero
Giovanni Ferrero, the Italian billionaire and executive chairman of Ferrero, has led the company's expansion through strategic acquisitions, culminating in a $3.1 billion deal to acquire WK Kellogg, significantly boosting Ferrero's presence in the U.S. and transforming it into a global food powerhouse with revenues nearing $20 billion.
Ferrero, the European confectionery giant, is acquiring WK Kellogg Co., the maker of Froot Loops and other cereals, in a $3.1 billion deal expected to close in late 2025, marking Ferrero's expansion into the North American cereal market.
Ferrero, the Italian maker of Nutella, is acquiring American cereal giant Kellogg for $3.1 billion, uniting two iconic brands amid changing consumer habits and market challenges. The deal aims to expand Ferrero's presence in North America and will undergo regulatory reviews.
Ferrero, the Italian confectionery company, is acquiring WK Kellogg, the American cereal producer, in a $3.1 billion deal to expand its presence in North America and diversify beyond candies and snacks, amid challenging market conditions and declining sales for Kellogg.
Ferrero, the Italian confectionery company known for Nutella, plans to acquire the U.S. cereal maker WK Kellogg for $3.1 billion, including brands like Froot Loops and Rice Krispies, making Kellogg a subsidiary of Ferrero once the deal is approved.
Michigan's WK Kellogg Co., known for cereals like Frosted Flakes and Froot Loops, is nearing a $3 billion acquisition by Italian candy maker Ferrero, which could be finalized soon, potentially impacting local jobs and Michigan's corporate heritage.
Italian confectionery giant Ferrero is in negotiations to acquire US cereal manufacturer Kellogg’s, signaling a potential major shift in the cereal and snack industry.
Shares of WK Kellogg surged over 50% following reports that Ferrero is close to a $3 billion deal to acquire the cereal company, which would expand Ferrero's presence in the U.S. packaged foods market amid ongoing industry consolidation.