Creator of Nutella and Ferrero dies aged 89
The world's richest confectionery maker Michele Ferrero, famed for Nutella, died on Valentine's Day.
The 89-year-old, who had been ill for months, died yesterday in Monte Carlo where he lived, surrounded by his family.
Mr Ferrero was the patriarch of the eponymous family empire best known for its Nutella spread and Ferrero Rocher chocolates. The company's products also included Tic Tacs and the Kinder line of products.
His father, Pietro, started making Nutella when cocoa was still rationed during the Second World War, Forbes noted in ranking Mr Ferrero and his family 30th on the list of the world's richest billionaires in 2014.
The company was one of Italy's most successful, a prime example of the "Made in Italy" brand of food and luxury goods.
Italian president Sergio Mattarella praised Mr Ferrero as one of the leaders of the country's industry, saying he was "always ahead of his time thanks to innovative products and his tenacious work and reserved character".
Pietro Ferrero opened his first chocolate laboratory in Alba, in Italy's northwest Piemonte region, in 1942. The business passed to Michele upon Pietro's death in 1949.
A wake is to be held in the Alba factory.