Cocoa price surge drives chocolate prices higher Food Surging cocoa prices are driving chocolate prices higher, which is having a disproportionate impact on UK food prices. UK food and drink inflation rose to 5.1 per cent in August, in a fifth consecutive annual increase and the highest since January 2024, amid fears that this figure could reach 5.7 per cent by the end [...]
Hotel Chocolat names new CEO as expansion effort takes shape following £534m takeover by Mars Retail 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? explainer “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 [...]