Never miss an issue of Master Investor Magazine – sign-up now for free!
Luxury chocolate purveyor Hotel Chocolat (LON:HOTC) has announced the transfer of its retail stores in Denmark to Retail Brands ApS, and the signing of a development agreement covering Denmark, Sweden, Norway and Finland. Retail Brands ApS is an operator of international retail franchises in the Nordic region,with strong local knowledge of the Scandinavian market, making it “ideally placed” to further grow operations in this region.
“Having proven the popularity of the Hotel Chocolat brand with Danish consumers we are excited to be entering our next phase of Scandinavia-wide growth,” commented co-founder & CEO Angus Thirlwell. “By combining the strengths of our products and brand with the operational skills of an in-country partner, our goal is to deliver sustainable growth in Denmark and the wider Nordic region.”
Shares in Hotel Chocolat climbed 17.5p to 347.5p (as at 09:39 BST) on the news.