Ferrero finds success in acquisitions, innovation

LUXEMBOURG — The acquisition of Wells Enterprises and Fresystem Group combined with the launch of new Kinder and Rocher products helped lift consolidated turnover at the Ferrero Group by 21% in the fiscal year ended Aug. 31, 2023.Ferrero said consolidated turnover in the year ended Aug. 31 was €17 billion, up from €14 billion in the previous fiscal year. Also during the year, Ferrero said it added 5 manufacturing…