Latest news with #FerreroGroup
Korea Herald
6 days ago
- Business
- Korea Herald
FERRERO GROUP'S 2024 SUSTAINABILITY REPORT SHOWS STEADFAST COMMITMENT, INNOVATION AND IMPACT IN THE FACE OF GLOBAL CHALLENGES
LUXEMBOURG, July 24, 2025 /PRNewswire/ -- The Ferrero Group has today announced the latest progress in its sustainability journey, with the release of its 16 th Sustainability Report. Guided by Ferrero Group's long-standing commitment to having a positive impact throughout its value chain, the report shares the significant and continued progress the business has made across its key sustainability priorities. "Sustainability is deeply embedded in Ferrero's long-term strategy. It's a fundamental driver of business resilience and shapes the decisions we make, as we grow responsibly. In the face of global challenges, particularly climate change, our commitment remains clear: to source responsibly, innovate boldly, and safeguard the natural world for future generations. This progress is made possible by embracing collective action, leveraging innovation, research and development, and continuously learning from experience to deliver measurable, meaningful impact," said Giovanni Ferrero, Executive Chairman of the Ferrero Group. "We made steady progress on our sustainability agenda during fiscal year 2023/2024. I am particularly proud of the ongoing steps we are taking to achieve our long-term commitments. We have successfully advanced our sustainability journey while maintaining strong financial stewardship across the company. We are making great efforts on the traceability of our key ingredients and improving supply chain visibility, while advancing our commitments to promoting human rights and continuing our work on decarbonisation across the business," said Lapo Civiletti, Chief Executive Officer of the Ferrero Group. Ferrero's latest Sustainability Report highlights continued progress in traceability across its global supply chains, with more than 90% of key ingredients now mapped to origin. Strategic partnerships with Sourcemap and Starling are strengthening precision tracking of key commodities - achieving 97% traceability for both cocoa and palm oil, and 94% for hazelnuts. Ferrero has made strong progress toward its 2030 goal of halving greenhouse gas emissions, with significant reductions already achieved compared to its 2017/18 baseline. With 92.1% of its packaging now designed to be recyclable, the company has maintained its commitment to ensuring more than 90% of packaging materials are reusable, recyclable, or compostable.
Cision Canada
6 days ago
- Business
- Cision Canada
FERRERO GROUP'S 2024 SUSTAINABILITY REPORT SHOWS STEADFAST COMMITMENT, INNOVATION AND IMPACT IN THE FACE OF GLOBAL CHALLENGES
LUXEMBOURG, July 24, 2025 /CNW/ -- The Ferrero Group has today announced the latest progress in its sustainability journey, with the release of its 16 th Sustainability Report. Guided by Ferrero Group's long-standing commitment to having a positive impact throughout its value chain, the report shares the significant and continued progress the business has made across its key sustainability priorities. "Sustainability is deeply embedded in Ferrero's long-term strategy. It's a fundamental driver of business resilience and shapes the decisions we make, as we grow responsibly. In the face of global challenges, particularly climate change, our commitment remains clear: to source responsibly, innovate boldly, and safeguard the natural world for future generations. This progress is made possible by embracing collective action, leveraging innovation, research and development, and continuously learning from experience to deliver measurable, meaningful impact," said Giovanni Ferrero, Executive Chairman of the Ferrero Group. "We made steady progress on our sustainability agenda during fiscal year 2023/2024. I am particularly proud of the ongoing steps we are taking to achieve our long-term commitments. We have successfully advanced our sustainability journey while maintaining strong financial stewardship across the company. We are making great efforts on the traceability of our key ingredients and improving supply chain visibility, while advancing our commitments to promoting human rights and continuing our work on decarbonisation across the business," said Lapo Civiletti, Chief Executive Officer of the Ferrero Group. Ferrero's latest Sustainability Report highlights continued progress in traceability across its global supply chains, with more than 90% of key ingredients now mapped to origin. Strategic partnerships with Sourcemap and Starling are strengthening precision tracking of key commodities - achieving 97% traceability for both cocoa and palm oil, and 94% for hazelnuts. Ferrero has made strong progress toward its 2030 goal of halving greenhouse gas emissions, with significant reductions already achieved compared to its 2017/18 baseline. Scope 1 and 2 emissions were reduced by 21.7%. For Scope 3, FLAG (Forest, Land, and Agriculture) and non-FLAG emissions were disaggregated to improve carbon accounting and enhance data reliability and accuracy. 90% of electricity for manufacturing and warehousing is now sourced from renewables. With 92.1% of its packaging now designed to be recyclable, the company has maintained its commitment to ensuring more than 90% of packaging materials are reusable, recyclable, or compostable. Notable progress has been made in reducing virgin plastic, including a 13% decrease in the plastic-to-product ratio. This includes the conversion of Ferrero Rocher boxes from polystyrene to polypropylene in North America and China, resulting in an estimated saving of approximately 11,000 tonnes of plastic. Other highlights include the launch of Nutella Plant-Based in jars made from 60% recycled glass and the rollout of Kinder Joy's paper spoon. Other highlights from the Ferrero Group's Sustainability Report include: For further details, please refer to the full Sustainability Report.
Time of India
23-07-2025
- Business
- Time of India
Breakfast cereal sales declined for decades before Kellogg's sale to Italian company
Breakfast cereal could use a lucky charm. U.S. sales of the colorfully packaged morning staple have been in a decades-long decline, a trend back in the spotlight with news that Italian confectioner Ferrero Group plans to purchase WK Kellogg, maker of Corn Flakes, Froot Loops, Rice Krispies and other familiar brands. Except for a brief period during the coronavirus pandemic, when many workers were home and had time to sit down with a bowl of cereal and milk, sales of cold cereal have steadily fallen for at least 25 years, experts say. In the 52 weeks ending July 3, 2021, Americans bought nearly 2.5 billion boxes of cereal, according to market research company Nielsen IQ. In the same period this year, the number was down more than 13% to 2.1 billion. Cereal has been struggling for multiple reasons. The rise of more portable options like Nutri-Grain bars and Clif Bars – which both went on sale in the early 1990s – made it easier for consumers to grab breakfast on the go. Concerns about food processing and sugar intake have also dimmed some consumers' enthusiasm for cereals. One cup of Lucky Charms contains 24% of a consumer's daily recommended intake of sugar, for example. 'Cereal finds it really hard to get out from underneath that,' said Tom Rees, global insight manager for staple foods at the consulting company Euromonitor. 'It can't escape the fact that it doesn't look like a natural food. You have to create it and form it.' Rees noted that for decades, cereal manufacturers focused on adding vitamins and minerals to build cereal's health credentials. But consumers now are looking for simplified ingredient lists. Artificial dyes — like the petroleum-based colors that brighten Froot Loops — have also come under fire. Last fall, dozens of people rallied outside WK Kellogg's Battle Creek, Michigan, headquarters demanding that it remove artificial dyes from its cereals. Kellogg and General Mills — another major U.S. cereal maker — have since pledged to phase out artificial dyes. Add to that, consumers are expanding their idea of what breakfast can be. Yogurt and shakes have replaced the traditional bacon and eggs. Kenton Barello, a vice president at the market research firm YouGov, said his polling shows that Generation Z consumers, who were born between 1997 and 2007, eat more vegetables for breakfast than other generations. Barello said YouGov's polling also shows that members of Gen Z are less likely to eat breakfast but still buy ready-to-eat cereal, suggesting they're eating it as a snack or for other meals. 'With younger generations, there are differences in their relationship with food and these eating moments,' Barello said. 'They are going about breakfast in a different way than Millennials, Gen X and Baby Boomers.' Cereal's struggles are part of what led to the breakup of the Kellogg Company. In 2023, the century-old company that put Battle Creek, Michigan, on the map split into two companies. Kellanova took popular snack brands like Cheez-Its, Pringles and Pop-Tarts as well as international cereals, and WK Kellogg made cereals for the U.S., Canada and the Caribbean. In 2024, M&M's maker Mars Inc. announced a plan to buy Kellanova for more than $30 billion. That plan has cleared U.S. regulators but is still awaiting regulatory approval in Europe. WK Kellogg was left to try to rejuvenate the cereal business. The sale of WK Kellogg to Ferrero doesn't mean supermarket cereal aisles are at risk of extinction. Packaged food companies have options for turning around their soggy cereal sales, Rees said. He thinks Kellogg's Mashups line, which mixed brands like Frosted Flakes and Froot Loops into one box, appeal to younger consumers, who tend to like interesting flavor combinations. The market may also have a fragmented future, according to Rees. Companies may have to accept that younger buyers want a sweet-and-spicy cereal while older buyers might want a Keto-friendly option. 'The future might be realizing that the era of 'This brand will serve everybody' isn't going to happen,' Rees said. Julia Mills, a food analyst with the consulting company Mintel, thinks the shrinking population of children in the U.S. gives cereal makers the opportunity to shift to more sophisticated flavors and packaging. Cereal could be positioned as a fancy topping for yogurt, for example, or a fiber-rich food that can improve gut health. Some niche cereal brands , like high-fiber Poop Like a Champion cereal and high-protein, zero-sugar Magic Spoon, are already doing that. But legacy brands say they shouldn't be counted out. Jeffrey Harmening, the chairman and chief executive officer of Cheerios maker General Mills, said his company considered trying to acquire Magic Spoon. Instead, it made high-protein versions of Cheerios, which now outsells Magic Spoon. 'The key to longer term is, honestly, is giving consumers more of what they want,' Harmening said during a conference call with investors in March.
Zawya
14-07-2025
- General
- Zawya
Ferrero's Social Responsibility Project Kinder Joy of moving Beats Traditional PE Curriculum, Tapping into the Cognitive Functions, Motor Coordination and Life Skills of Students
A study conducted in collaboration with Al Mawakeb Schools confirmed that 100% of the physical education teachers and staff members reported that the Joy of moving cognitive-based challenges and life-skills centered activities enhanced student's focus, working memory, behavioral regulation and social interaction. Dubai, UAE - Kinder Joy of moving – a Ferrero Group Social Responsibility Project – proudly celebrated the successful completion of its first academic year at Al Mawakeb Schools in the UAE with a dedicated event held at Dubai's Westin Mina Seyahi on June 30. The celebration brought together diplomats, media personalities, influencers and key opinion leaders from the education and sports sectors to reflect on the program's impact over the academic year. The mission behind Kinder Joy of moving – launched in the UAE in September 2024 within Al Mawakeb Schools' physical education curriculum for students from KG1 to Grade 6 at three of the school's branches – is to bring joy to children through moving. The program – designed to encourage children's natural inclination to be active, move and play – is built on non-competitive, play-based activities that focus on physical fitness, motor coordination, cognitive functions and life skills. A total of 1,335 students participated in the Kinder Joy of moving program implementation at Al Mawakeb Schools through the Joy of moving methodology. A key highlight of the event was the unveiling of results from a study conducted amongst Al Mawakeb Schools students and teachers who participated in the Joy of moving implementation to assess its impact throughout the year. The findings revealed: 100% of the physical education teachers and staff members confirmed that the Joy of moving methodology has significantly improved students' motor coordination abilities. 100% of the physical education teachers and staff members confirmed that the Joy of moving cognitive-based challenges and life-skills centered activities enhanced student's focus, working memory, behavioral regulation and social interaction. An overwhelming number of students (94.5%) from pre-school to second grade reported enjoying Joy of moving. The majority of students (88.2%) across Grade 3, 4, 5 and 6 confirmed feeling accomplished thanks to the program. Commenting on the successful first year launch of Kinder Joy of moving, Ferrero Gulf Managing Director Mauro De Felip, said: 'At Ferrero, we have long been passionate about having a positive impact in all the communities we operate in, at every step along our value chain. Kinder Joy of moving is a testament to that dedication. It is part of Ferrero's broader sustainability vision – one that recognizes the wellbeing of children as foundational to any nation's long-term vision for a healthier, future-ready society. We couldn't be more proud to have successfully launched this program and moved a total of 1,335 children in the UAE, a country that has long prioritized youth empowerment as a cornerstone to building a strong future.' De Felip added, 'We would like to thank Al Mawakeb Schools for their trust as we continue our journey together and build new partnerships with schools across the UAE.' Echoing that statement, Samira Al Awadhi, Principal of Al Mawakeb School Al Khawaneej said: ' At Al Mawakeb Schools, we place our students at the forefront of every decision we made. Through our rich and holistic approach to education, we strive to foster their overall development and play a pivotal role in shaping their character and equipping them to face life's challenges. The results achieved by the implementation of Joy of moving further validate the added value of this program and its ability to stimulate major areas of development in children beyond physical aspects and supporting lifelong learning. We can't wait to see what the next year of Joy of moving at Al Mawakeb Schools will bring.'
Reuters
11-07-2025
- Business
- Reuters
Cerberus and Dean Metropoulos also made a bid for WK Kellogg, sources say
July 11 - Private equity firm Cerberus Capital Management, which owns a stake in grocer Albertsons (ACI.N), opens new tab, and billionaire investor Dean Metropoulos teamed up in an unsuccessful bid for cereal maker WK Kellogg (KLG.N), opens new tab, according to three sources familiar with the matter. The consortium, which was being advised by investment banks UBS and Macquarie Capital, ultimately lost out to private, family-owned Ferrero Group, which on Thursday announced an agreement to acquire WK Kellogg for around $3.1 billion. However, the offer from Cerberus and Metropoulos was considered a serious alternative to Ferrero and has caused industry insiders to wonder about a possible future target for the pair, two of the sources said. Both Cerberus and Metropoulos have histories of investing in the food industry. WK Kellogg, Cerberus, UBS and Macquarie declined to comment. Metropoulos & Co did not immediately respond to a comment request. Dealmaking in the food space has picked up steam in recent months as owners focus on core names and offload underperforming brands. There has been a relatively steady supply of buyers for these divestments, aiming to turn around their fortunes. Cerberus is the top shareholder in grocery chain Albertsons, but it has not made a big bet on a consumer or retail company in years. Its offer for WK Kellogg shows the firm still has a desire to invest in the sector, the sources said. Meanwhile, the investment firm of Greek-American billionaire Metropoulos - Metropoulos & Co - acquired Nestlé Waters North America in partnership with One Rock Capital Partners in 2021. The firm is known for making investments in numerous consumer names, including Hostess Brands, Utz and Pinnacle Foods. Kellogg split into two in 2023, creating WK Kellogg to house cereal brands and Kellanova (K.N), opens new tab to house its other brands. M&M's owner Mars agreed to buy Kellanova for $36 billion last year.
