 In June 2015 it was announced that Italian chocolate maker Ferrero would buy Thorntons for £112 million.Thorntons Ltd are 75% owned by Ferholding Uk Ltd. Ferholding Uk Ltd is controlled by Giovanni Ferrero who holds over 50% voting rights.On 17 February 2018, days after one of the biggest trading days of the year, Valentine's Day, Thornton's Cambridge shop closed down after over 25 years of operations.