Pernigotti
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Pernigotti is an Italian manufacturer of chocolate (its speciality is the production of high quality
Gianduiotto ''Gianduiotto'' (; ) is a chocolate originating in the Piedmont region of Italy. ''Gianduiotti'' are shaped like ingots and individually wrapped in a (usually) gold- or silver-colored foil cover. It is a specialty of Turin, and takes its name ...
, a chocolate-hazelnut based confectionery), nougats, Easter eggs and ice creams. It is one of the oldest and most traditional manufacturers of chocolate and nougat candy in Italy. Originally founded in 1860 in the town of
Novi Ligure Novi Ligure (; , ; , ) is a ''comune'' (municipality) north of Genoa, in the province of Alessandria, in the Italian region of Piedmont. The town produces food, iron, steel, and textiles. It is an important junction for both road and railroad ...
, Piedmont it was sold in 2013 to the Toksöz company of Istanbul. Since 2022 it has been acquired by
JP Morgan Asset Management JPMorgan Chase & Co. (stylized as JPMorganChase) is an American multinational financial services, finance corporation headquartered in New York City and incorporated in Delaware. It is List of largest banks in the United States, the largest ba ...
. While in July 2023 Invitalia will also enter the share capital with 25%.
It has been said that for Italians, "Pernigotti is to chocolate as Ferrari is to cars."


History

Founded in 1860 as a grocery shop, the company was owned by the Pernigotti family for five generations until 1995. By 1882 its quality was sufficiently well known that King Umberto I granted the company the privilege of using the royal coat of arms on the factory insignia on 25 April 1882. In 1914 with the First World War at the gates, the Italian government forbids the use of sugar for the preparation of confectionery products, including nougat: what could represent a serious obstacle to production, is transformed, thanks to the brilliant intuition by Francesco Pernigotti, in an innovation that enriches the quality of the company. The absence of sugar, in fact, is wisely filled by a greater concentration of honey, giving life to a new nougat with a unique consistency. In 1919 Paolo Pernigotti replaced his father Francesco at the helm of the company. At the end of World War II its main production plant was destroyed when it moved its headquarters to the current factory in central Novi Ligure. Pernigotti's most famous brands include Gianduiotto, the production of which began in 1927, and Cremino, Pepitas and Nocciolato. In 1980 comes a period of crisis that will lead to the sale of Sperlari in 1981 to the Americans of the
H.J. Heinz Company The Kraft Heinz Foods Company, formerly the H. J. Heinz Company and commonly known as Heinz (), is an American food processing company headquartered at One PPG Place in Pittsburgh, Pennsylvania. The company was founded by Henry J. Heinz in 186 ...
. In 1995 Stefano Pernigotti, left without heirs after the death of his two very young children, Paolo, 17 age, and Lorenzo, 13 age, in a road accident in
Uruguay Uruguay, officially the Oriental Republic of Uruguay, is a country in South America. It shares borders with Argentina to its west and southwest and Brazil to its north and northeast, while bordering the Río de la Plata to the south and the A ...
on 10 July 1980, decides to sell Pernigotti to the Averna family, known for the successes linked to the alcoholic beverages sector. In 2000 he also left Streglio to a niece. On 11 July 2013 the company was sold by the Averna family to the Turkish group belonging to the Toksöz family, active in the confectionery, pharmaceutical and energy sectors. On 1 October 2019, Pernigotti announced they had sold their "Ice & Pastry" branch to Optima Group. As part of the transaction Optima acquired the "Pernigotti Maestri Gelatieri Italiani" brand. On 11 August 2020, Stefano Pernigotti dies at the age of 98. In 2022 the Toksoz group sells the entire shareholding of Pernigotti to
JP Morgan Asset Management JPMorgan Chase & Co. (stylized as JPMorganChase) is an American multinational financial services, finance corporation headquartered in New York City and incorporated in Delaware. It is List of largest banks in the United States, the largest ba ...
. In July 2023, Invitalia entered the share capital of Pernigotti as a minority shareholder with a 25% stake.


Production

The enterprise also produces other chocolate products, nougats, easter eggs and "semilavorati" of ice cream (basic cream to make ice cream). On 7 November 2018, Toksöz announced that Pernigotti would close its main production facility at Novi Ligure with the loss of 200 jobs. At the time it was reported that Pernigotti had accumulated losses of €13 million over the previous five years. In the same period, turnover had dropped from €75 million to €50 million. Conflicting reports at the time suggested that Toksöz was planning to move production to Turkey while others reported that Pernigotti planned to outsource production only within Italy. The closure has been cited as another example of the impact of Italy's approach to restructuring fundamentally viable companies who are in difficulty. Since the acquisition of
JP Morgan Asset Management JPMorgan Chase & Co. (stylized as JPMorganChase) is an American multinational financial services, finance corporation headquartered in New York City and incorporated in Delaware. It is List of largest banks in the United States, the largest ba ...
, the production resumes at the historic
Novi Ligure Novi Ligure (; , ; , ) is a ''comune'' (municipality) north of Genoa, in the province of Alessandria, in the Italian region of Piedmont. The town produces food, iron, steel, and textiles. It is an important junction for both road and railroad ...
plant in 2022.


References


External links


Official site
{{Authority control Italian chocolate companies Companies based in Novi Ligure Italian brands European chocolate bars