Meet man who once worked at a small shop, now runs Rs 167227 crore company, his name is…, his business is…

Pietro Ferrero was the man behind Ferrero Group, the brand that makes world-famous chocolates. The company was established in 1946, but before that, he opened a chocolate shop in Italy’s Alba. In its initial stage, the shop had limited products, such as Supercrema, a hazelnut spread that later became Nutella.

Today, Ferrero Group dominates the confectionery market across the world and is the second-largest confectionery company globally. The company sells its popular products—Ferrero Rocher, Nutella, and Tic Tac—in more than 170 countries. Let’s learn more about the company and the man behind it.

The Origins of Ferrero Group The Ferrero Group started with a small pastry shop. Giovanni Ferrero is the executive chairman of the Ferrero Group. Earlier, Giovanni shared the CEO position with his brother, Pietro, who passed away in 2011. After six years, in 2017, Giovanni stepped down as the CEO of the company in order to devote more time to corporate strategy while maintaining his role as executive chairman.