Knoops to open first US store as international expansion gathers pace hospitality Knoops is gearing up to open its first US store as the chocolate drinks brand’s international expansion gathers pace. The London-based business said it will open a store in Utah in April as part of plans to have over 160 locations in the US over the next six years. Knoops, which was founded in Sussex [...]
Hotel Chocolat tastes sweet success of quitting London Retail How Hotel Chocolat has performed since being acquired by Mars for more than £500m in July 2023 has been revealed for the first time. The Hertfordshire-headquartered business quit the London Stock Exchange after being taken over in a £534m deal. The deal, which at the time represented a 169.8 per cent premium on its 139p [...]
Cadbury shakes off royal snub as sales surge Business Cadbury has shaken off losing the royal seal of approval after a surge in European sales helped its profit jump during its latest financial year, it has been revealed. The Birmingham-based iconic chocolate maker hit the headlines at the end of 2024 after being dropped from the list of royal warrants for the first time [...]
Lindt: £75m sought for UK home of Swiss chocolatier April 30, 2025 The UK headquarters of Swiss chocolatier Lindt has been put up for sale with an asking price of £75m. The building in Richmond upon Thames is a redevelopment of the former Gosling Department Store. The five-storey, mixed-use development is fully let, with luxury gym operator Third Space and two high-end restaurants occupying the lower floors. DTRE [...]
Brits’ sweet tooth help Ferrero Rocher, Nutella and Kinder Surprise sales surge March 27, 2025 The British public’s sweet tooth helped sales at the owner of confectionary brands such as Ferrero Rocher, Nutella and Kinder Surprise jump by more than £60m during its latest financial year. Ferrero UK, which also owns Thorntons and Tic Tacs, has posted a revenue of £624.4m for the 12 months to 31 August, 2024, up from the £557.5m [...]
Profit quadruples at biscuit maker Tunnock’s despite chocolate crisis November 26, 2024 Profit at biscuit maker Tunnock’s quadrupled during its latest financial year despite the cocoa crisis in Africa. The Scottish confectionary business, which is headed up by Sir Boyd Tunnock, has reported a pre-tax profit of £4m for the 12 months to 24 February, 2024, according to newly-filed accounts with Companies House. The latest figure comes [...]
Nestle ramps up cost-cutting by another £2.2bn in overhaul November 19, 2024 KitKat maker Nestle has revealed plans to slash costs by at least another 2.5bn Swiss francs (£2.2bn) and spin off its premium water and drink business as part of a turnaround being led by its new boss. Recently-appointed chief executive Laurent Freixe said the Swiss group will make the mammoth savings by the end of [...]
Hotel Chocolat names new CEO as expansion effort takes shape following £534m takeover by Mars September 16, 2024 Hotel Chocolat has promoted its UK managing director Lysa Hardy to become its new chief executive in yet another sign of change after a takeover by Mars. Hardy, who was a non-executive at Superdry until July this year, will take over from co-founder and current chief executive, Angus Thirwell, according to a LinkedIn update. Last [...]
Explainer-in-brief: Caramacs are back! But why are so many chocolate bars going extinct? July 24, 2024 “The calls for the return of Caramac were heard loud and clear,” Nestle brand manager Lisa Butterworth said with pride yesterday, as she announced a limited return of the beloved chocolate bar, which was discontinued last year after a more than 60-year stint on newsagents’ shelves. But for many, the Caramac comeback will prove just [...]
Ferrero Rocher, Nutella and Kinder Surprise owner hails sales surge April 12, 2024 UK sales have surged past £500m at the owner of confectionary brands such as Ferrero Rocher, Nutella and Kinder Surprise, according to new accounts.