Sunday, February 15, 2015

Died at 89 years: Ferrero-owner Michele Ferrero is dead – ABC Online

Died at 89 years: Ferrero-owner Michele Ferrero is dead – ABC Online

Sunday, 15.02.2015, 09:49
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The Italian confectioner Michele Ferrero is after 89 years of age long illness died in Monte Carlo. His company brought among others the famous Spread Nutella on the market.

The Italian chocolate tycoon Michele Ferrero is dead. As Italian media reported died of Surprise inventor on Saturday at the age of 89 years in Monaco. The long-time head of the Ferrero Group, the Nutella and children is especially known for its brands, therefore, had been ill for several months. According to the news agency AG Ferrero is to be buried in his home town of Alba in northern Italy.

Michele Ferrero had the family business from his father, the confectioner Pietro Ferrero, who in the 40s had the idea in the production a sweet chocolate coating cream expensive to replace them with cheaper hazelnuts. This was the beginning of the chocolate hazelnut spread, but which until 1964 was named Nutella used to date.



365,000 tons of Nutella in

His son Michele, in 1957 the helm took over, the company expanded into an international chocolate company, whose products have a high level of awareness, such as Ferrero Rocher chocolates, chocolate cherry Mon chéri as well as the brand children with various chocolate bars and in 1974 invented Surprise. In eleven manufacturing facilities worldwide approximately 365,000 tonnes are produced annually Nutella. The Group employs more than 22,000 people and has recently reported annual sales of more than eight billion euros.

With an estimated fortune of more than 20 billion euros was Michele Ferrero, according to the US magazine “Forbes” the richest man in Italy. From the days business however, he had retired several years ago. After the death of his eldest son Pietro, 2011, he handed over the management of the group to his younger son Giovanni. The Italian President Sergio Mattarella praised Michele Ferrero as a “true entrepreneur” who was “known and appreciated” been in Italy and abroad.

The largest Nutella packaging that you have ever seen

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