Nutella maker Ferrero buys U.S. confectioner Fannie May

Mar 16, 2017 | Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Capital, Economics, Finance, Non-Bank Loans, Working Capital

MILAN (Reuters) – Nutella maker Ferrero has signed a deal to buy U.S. confectioner Fannie May from online retailer 1-800-FLOWERS.COM for $115 million in a move to strengthen the Italian company’s presence in the overseas market, they said in a joint statement.