HeadlinesBriefing favicon HeadlinesBriefing.com

Ferrero Raided by EU Over Antitrust Violations

Financial Times Companies •
×

EU officials have raided Ferrero's offices as part of an antitrust investigation into possible uncompetitive practices. The Italian chocolate maker confirmed Wednesday that European Commission officials conducted unannounced inspections at its premises. The probe follows similar actions against other chocolate manufacturers and comes as Ferrero continues its expansion in North America following its $3.1 billion acquisition of WK Kellogg's cereal business.

Ferrero, known for Nutella, Ferrero Rocher, and Kinder Bueno, could face penalties if found to have violated EU rules banning cartels and restrictive business practices. The European Commission is investigating potential restrictions imposed by manufacturers on selling goods within the single market. This action mirrors last year's €337 million fine against Mondelez, Ferrero's main competitor, for limiting cross-border trade of chocolate and biscuit products.

The raid marks a significant challenge for the family-owned company as it navigates regulatory scrutiny while pursuing growth through acquisitions. The Commission's investigation could impact Ferrero's operations across the EU if violations are confirmed. The company has pledged full cooperation with authorities as the probe unfolds.