Ferrero Scion Builds $3 Billion Side Bet to Nutella Fortune
(Bloomberg) — Giovanni Ferrero, scion of the Italian family behind Nutella and Kinder Chocolate, is forging his own direction.
Net assets of his investment firm, CTH, rose 40{09c3c849cf64d23af04bfef51e68a1f749678453f0f72e4bb3c75fcb14e04d49} last year to 2.8 billion euros ($3.3 billion), filings show. The increase was boosted by its $300 million purchase of Danish cookie