Hotel Chocolat raises £40m in bid to become ‘digital-led’ chocolatier July 23, 2021 Hotel Chocolat has raised £40m in its latest share placement, in what its boss said will help it become a ‘digital-led chocolate brand’. The British chocolatier’s placing, which was led by Peel Hunt and Liberum Capital, was oversubscribed. “The £40m growth capital raised today will be invested in our fast-growing business, furthering our aim of [...]
Hotel Chocolat records strong results following ‘promising’ in-store performance July 13, 2021 Hotel Chocolat have announced impressive revenue in their latest fiscal year results, seeing an increase of 21 per cent on 2020, while it is also up 24 per cent on 2019. With the ten weeks from 19 April to 27 June boosted by the reopening of the high street, the UK cocoa manufacturer saw its [...]
Hotel Chocolat agrees to buy struggling beauty business for… £4 June 21, 2021 Hotel Chocolat has agreed to fully acquire Rabot, a beauty business that was born through a joint venture with the chocolatier, for £4. Rabot was established in 2016 as a joint venture between Hotel Chocolat and Andrew Gerrie, the chocolate retailer’s non-executive chairman. The business was created to develop a range of beauty products inspired [...]
UK businesses pay £1bn of furlough money back to the Treasury June 17, 2021 British firms have paid back the government more than £1bn in previously claimed furlough payments, after weathering the Covid recession successfully. A Freedom of Information request, sent by the Financial Times, revealed that £709m of money claimed through the coronavirus job retention scheme has now been repaid to HM Revenue and Customs by businesses. Another [...]
UK faces a flakeless summer as shortage of Cadbury’s 99 looms May 17, 2021 After a year of lockdowns and staying at home the British public are faced with the threat of a shortage of Cadbury 99 Flakes. Demand for soft-serve ice creams, finished with the iconic crumbling treat, is surging. “We are seeing a recent increase in demand for our Cadbury 99 Flake in the UK and Ireland [...]
Hotel Chocolat to return furlough money after Easter and Mother’s Day sales beat pre-Covid levels May 10, 2021 Hotel Chocolat has pledged to return furlough money to the government after sales soared despite the closure of the British chocolatier’s stores during lockdown. The firm said this morning that revenue for the eight weeks ended 25 April- which included Mother’s Day and Easter – was 19 per cent higher than the comparable period in [...]
Online sales drive another tasty six months for Hotel Chocolat March 2, 2021 Revenue and profit before tax were up at Hotel Chocolat in the six months ended 27 December, with online growth offsetting the physical reduction in retail caused by the Covid-19 restrictions. Revenue at the chocolate retailer was up 11 per cent to £101.9m and profit before tax stood at £15.5m, an increase of three per [...]
London has a new vermouth company just in time for summer March 1, 2021 London now has its own vermouth label, producing three very Home Counties vermouths. The new London Vermouth Company, set up by three life-long friends – Guy Abrahams, Andrew Wealls and Ben Leask – worked with recipe and drinks developer Camille Hobby Limon to produce their No.1 Amber Limon and No.2 Camille’s Red vermouths. The No.3 [...]
Experian reports ‘better-than-expected’ quarter as revenue grows January 19, 2021 Credit scoring giant Experian (EXPN) reported a better-than-expected third quarter after a strong performance by its North America division. Total revenue at constant exchange rates grew 10 per cent in the three months to the end of December. Experian’s North America and Latin America divisions grew 11 and 16 per cent respectively, but the UK [...]
Hotel Chocolat celebrates sweet six months despite Covid-19 January 19, 2021 Hotel Chocolat has defied pandemic challenges and boosted its revenue in the 26-week period ending 27 December. Total group revenue for the period increased 11 per cent year-on-year, as the group pivoted to online sales to offset the impact of pandemic restrictions. The end of the year was particularly tasty for the chocolate retailer, with [...]