K.N<\/a>\u00a0and launched a Nutella-filled biscuit in an attempt to grab market share from Italian rival Barilla.<\/p>\nIt now plans to double production capacity at its Nutella Biscuits plant in southern Italy with an investment of about 80 million euros (73 million pounds).<\/p>\n
Under the deal announced on Wednesday, Ferrero\u2019s Belgian holding CTH will acquire Fox\u2019s, other biscuit brands and two production plants from Northern Food Grocery Group (NFGG), part of Britain\u2019s Boparan Holdings. Boparan is expected to focus on its original poultry business.<\/p>\n
The transaction, Ferrero\u2019s second acquisition in Britain after buying chocolate maker Thorntons in 2015, is expected to be finalised in the next few months.<\/p>\n
Ferrero\u2019s turnover has risen above 11 billion euros through its acquisition spree and expansion in other categories outside chocolate.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
With more people working from home, increasing snacking on cookies and biscuits, Nutella-maker Ferrero is to buy Fox\u2019s Biscuits. It\u2019s estimated that Ferrero will pay<\/p>\n","protected":false},"author":20,"featured_media":14826,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,2],"tags":[],"aioseo_notices":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/neighbourhoodretailer.com\/wp-content\/uploads\/2020\/10\/shutterstock_1221166633-scaled.jpg","_links":{"self":[{"href":"https:\/\/neighbourhoodretailer.com\/wp-json\/wp\/v2\/posts\/14824"}],"collection":[{"href":"https:\/\/neighbourhoodretailer.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/neighbourhoodretailer.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/neighbourhoodretailer.com\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"https:\/\/neighbourhoodretailer.com\/wp-json\/wp\/v2\/comments?post=14824"}],"version-history":[{"count":1,"href":"https:\/\/neighbourhoodretailer.com\/wp-json\/wp\/v2\/posts\/14824\/revisions"}],"predecessor-version":[{"id":14825,"href":"https:\/\/neighbourhoodretailer.com\/wp-json\/wp\/v2\/posts\/14824\/revisions\/14825"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/neighbourhoodretailer.com\/wp-json\/wp\/v2\/media\/14826"}],"wp:attachment":[{"href":"https:\/\/neighbourhoodretailer.com\/wp-json\/wp\/v2\/media?parent=14824"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/neighbourhoodretailer.com\/wp-json\/wp\/v2\/categories?post=14824"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/neighbourhoodretailer.com\/wp-json\/wp\/v2\/tags?post=14824"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}