Chocolatier Patchi plans to float

Lebanese family owned chocolatier Patchi is planning to list in Dubai and London to help it fund a drive for global expansion. The firm, owned by founder and chairman Nizar Choucair, has hired advisers to help it float up to 49 per cent of the company, after delaying initial plans for a listing due to the recession. The firm is planning to build a global network of chocolate shops as well as cafes selling its chocolate products alongside coffee and food.