You are here

Italy's Ferrero buys Nestle's US candy business


NESTLE said Tuesday it has agreed to sell its US candy business to Italy's Ferrero for 2.7 billion Swiss francs (S$3.7 billion) in cash as the Swiss food giant shakes up its product portfolio.

Ferrero, known for its Tic Tac, Nutella and Ferrero Rocher brands but which has...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to