Tags » Nutella
Swiss food and drink giant Nestle is selling its U.S. candy business to Italy’s Ferrero for about $2.9 billion in cash. Ferrero will take over iconic chocolate brands Butterfinger and Crunch bars, as well as the sugary Nerds, SweeTarts and FunDip. 109 more words
Nestlé—the company behind many iconic candy bar brands—is shedding its sugary reputation.
The Swiss company has agreed to sell its US confectionary brands—including Butterfinger, Baby Ruth, Laffy Taffy, and Crunch bars—for $3 billion to Ferrero, the maker of Nutella, making the hazelnut spread producer the globe’s third largest chocolate company. 313 more words