Italy’s Richest Family Gets $714 Million From Nutella Maker
- Ferrero clan to receive dividend from firm’s $1 billion profit
- Italian confectioner’s profit has almost doubled since 2008
An installation promoting Ferrero Rocher chocolates sits in an outdoor display in Moscow.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
Life is looking sweet for the Ferrero family.
The Italian dynasty behind Nutella is poised to get a 642 million euro ($714 million) dividend from their main holding company, regulatory filings show. The firm reported profit of 928.6 million euros for the fiscal year ended in August, up more than a quarter from the previous 12 months.