Hotel Chocolat is an upmarket chocolatier and cocoa grower that trades through more than 120 locations across the UK, and international outlets including Denmark, Hong Kong, Tokyo and New York. Retail Week provides news, analysis, features and opinion about AO and the electricals sector. It was acquire by global food and drink conglomerate Mars in early 2024. Retail Week provides news, analysis, features and opinion about Hotel Chocolat and the grocery sector.
Hotel Chocolat has promoted its UK managing director and group marketing officer Lysa Hardy to the role of chief executive officer after the retailer was bought out by confectionery giant, Mars in a £534m deal at the end of last year.
Hotel Chocolat founder Angus Thirlwell says the surprise deal with Mars represents a “meeting of minds”, but after a torrid year what will the acquisition mean for the retailer?
Hotel Chocolat has accepted a £534m acquisition bid from Mars, with the board now recommending the cash offer to its shareholders.
Hotel Chocolat has slipped into the red with revenues dropping 10%, owing to lower online and international sales.
Specialist retailer Hotel Chocolat has issued its second profit warning of the year, blaming ongoing inflationary pressures and softening consumer sentiment.
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