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Companies & Markets

Italy's Ferrero group agrees to buy Fox's Biscuits: source

Published Wed, Oct 7, 2020 · 08:31 AM

[MILAN] Nutella-maker Ferrero has reached a deal to buy Fox's Biscuits from British 2 Sisters Food Group, a source close to the matter said, as the Italian confectioner expands its cookie business.

The source did not give details of the accord, the second acquisition in Britain for family-owned Ferrero, which bought chocolate maker Thorntons in 2015.

The deal is expected to be officially announced later on Wednesday.

REUTERS

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