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 [...]
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 [...]
Hotel Chocolat’s sweet £534m Mars deal leaves London market on a sugar high November 16, 2023 Charismatic founder, Angus Thirlwell, told City A.M that the business “really valued” its time on the London market.
Mars to snap up listed Hotel Chocolat in half a billion pound plus deal November 16, 2023 Hotel Chocolat is to go private under the Mars umbrella
Hotel Chocolat shares plummet 13 per cent after profit warning on flagging consumer sentiment June 23, 2023 Hotel Chocolat shares have plummeted by around 12 per cent as the premium brand is expected to be back in the red. The retailer, which has fallen victim to cash-strapped Brits cutting back on luxuries, said it now anticipates revenue of £201.8m and underlying profit before tax of £0.3m for the 2023 financial year. It [...]
Hotel Chocolat investors left with a bitter taste after Easter update April 27, 2023 Retailer Hotel Chocolat warned on profits on Thursday as it said that sales over Easter, vital for a chocolate company, had been worse than expected. Shares in the chocolatier dropped 10 per cent on the news. The company, which is in a period of transition, said there were some products it was unable to get [...]
Hotel Chocolat ‘cautious’ as falling revenue and profit dampen outlook for Mother’s Day and Easter sales March 8, 2023 Hotel Chocolat had a bittersweet second half of 2022 with dents in its revenue and profits, owing to “hefty investments”, as it is not so optimistic ahead of Mother’s Day and Easter. The premium chocolate maker reported a fall in its revenue to £129m down from £142m last year, while its gross profit was down [...]
Hotel Chocolat looks beyond Europe and signs deal with Japanese corporation January 3, 2023 Leading British chocolate brand Hotel Chocolat is looking beyond Europe after Brexit and has signed a new partnership with a major Japanese corporation. The tabletop favourite has teamed up with the Tokyo-based Eat Creator Corporation, after trading in Japan for the last four years. The chocolate maker reported a £9.4m loss for 2022 loss in [...]
Hotel Chocolat in the red amid ‘challenging’ current trading landscape December 1, 2022 Chocolate maker Hotel Chocolat has posted a £9.4m loss but said “people are still treating themselves with affordable luxury” despite a cost of living crisis. Its full-year results came in contrast to the previous year’s, where the London-listed firm posted a £3.7m profit after tax. “It goes without saying that the current environment is challenging [...]