Hotel Chocolat planning flotation to fund online and UK expansion

By The Guardian (UK)
Hotel Chocolat has more than 80 stores in the UK and has sold its luxury chocolates online since 1993. Photograph: Anna Gordon for the Guardian

Hotel Chocolat has more than 80 stores in the UK and has sold its luxury chocolates online since 1993. Photograph: Anna Gordon for the Guardian

THE GUARDIAN (UK) – Luxury chocolatier Hotel Chocolat is planning a flotation valuing the company at £150m to raise funds to step up expansion in the UK and online, and develop its manufacturing plant in Oxfordshire.

Founders Angus Thirlwell and Peter Harris, who each own half of the business, plan a £50m placing on the London Stock Exchange’s Aim by the end of June, which will raise £10m and hand them £20m each in cash.

Hotel Chocolat, which started in 1993, has more than 80 stores in the UK and three in Copenhagen, and also sells its luxury chocolates online. The brand has a cocoa plantation on St Lucia, which is home to a luxury hotel where a two-week stay costs up to £10,000.

The plantation is currently a separate company under the same ownership, but it will be acquired by the main group prior to the listing.

Hotel Chocolat has sales of £81.1m and makes an underlying pre-tax profit of £7.9m.

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One comment

  1. The plant will be in the UK! so as usual we will just be exporters of the raw product.

    The company will be benefiting from some exotic tag name- ala St. Lucia, and soon will be taking their cocoa from Ghana and other cheap African producers and even China, and claim to the consumer it is St. Lucian! Of please!

    We tired of being used by businesses and politicians who think we in the Caribbean have no sense!

    When that owner decides to put his plant in Vieux Fort, and make it truly a chocolate destination for tourists visiting the island and even call it a first for the Caribbean, then you can go ahead and carry their news till then, we not interested.

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