Pernigotti

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. 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. 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, the production resumes at the historic Novi Ligure plant in 2022. == References ==