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Italy's richest family gets $708 million from Nutella maker Ferrero
short by Krishna Veera Vanamali / on Saturday, 25 January, 2020
The Ferreros, Italy's richest family, are receiving a $708 million dividend from the Ferrero Group, the maker of Nutella chocolate spread and Kinder chocolates. Giovanni Ferrero, grandson of founder Pietro, owns a controlling stake in Ferrero, which made record $1 billion profit for the fiscal year ended in August. The family has a fortune of $32.3 billion, as per Bloomberg.
read more at The Guardian