Food & Hospitality

Premium play Ferrero NA CEO Chibe aims to bolster company’s US presence

Ferrero North America has made some big moves in the last two years. It acquired Nestle’s U.S. candy business for a reported $2.8 billion in January, making it the third-largest chocolate company in the country. They nabbed Illinois-based Ferrera Candy Co. a few months before that and Midwestern mainstay Fannie May Chocolates the previous spring. Now, they’re rumored to be on the verge of buying Campbell Soup Co.’s international business and snack segments — though Paul Chibe, CEO of Ferrero North America, would not comment on the speculation.

Read More »