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This Is How Grupo Ferrero Avoids Taxes in Spain
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The Ferrero Group — which brings together brands such as Ferrero Rocher, Nutella, Kit Kat and Kinder — is experiencing a bittersweet moment in Spain. Sales are growing steadily; in fact, in the last three years turnover has increased by around 17%. However, the rise in the price of its main raw materials — cocoa and sugar — is eroding the margins. However, strangely enough, these figures are hardly disturbing in Alba — the small Italian city whe…
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