Ferrero

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Ferrero defends 'fine-tuning' of Nutella recipe

By Niamh Michail

Ferrero has been accused of secretly changing the recipe of Nutella to replace expensive cocoa with cheaper milk powder, but it says it has merely "fine-tuned" the recipe.

Ferrero expects to operate Ferrara as a separate unit upon acquisition.

Ferrero to acquire Ferrara Candy

By Douglas Yu

The Ferrero Group has announced it will acquire Ferrara Candy Company from private equity firm L Catterton for an undisclosed sum.