SUBSCRIBE

Breaking News on Confectionery & Biscuit Processing

Big Brands > Ferrero

News in brief

Ferrero boss ponders AC Milan football club buy – reports

27-Sep-2012
Last updated on 27-Sep-2012 at 17:35 GMT2012-09-27T17:35:24Z

AC Milan football club is owned by former Italian prime minister Silvio Berlusconi

AC Milan football club is owned by former Italian prime minister Silvio Berlusconi

The owner of Italian chocolatier Ferrero is considering a bid to acquire Serie A football outfit AC Milan from former Italian Prime Minister Silvio Berlusconi, according to reports.

Chocolate firm owner Michelle Ferrero has been linked to the team by various sports publications, but the reports are unconfirmed.

According to Forbes, Mr Ferrero is Italy’s richest man and the 23rd richest worldwide with a personal wealth of $19 billion.

His chocolate company posted €7.3bn in sales in 2011, up 9.1% and €856m in profit.

Mr. Ferrero’s wealth outstrips current AC Milan owner and former Italian Prime Minister Silvio Berlusconi, who is number 169 on Forbes’ rich list with a net worth of $5.9 billion.

Another food company, United Biscuits, has a sponsorship deal with Italian football giants AC Milan to promote its McVities Digestives biscuit brand.

Key Industry Events

 

Access all events listing

Our events, Events from partners...

On demand Supplier Webinars

Your future starts at Cargill's T for Trends
Cargill Cocoa & Chocolate
All supplier webinars