Tony’s Chocolonely announces two investors to grow the brand internationally
Tony’s Chocolonely has announced Verlinvest and JamJar have taken a minority share in the company to help the brand grow internationally.
Archives for February 26, 2020
Sustainability
CARE and Mars expand collaboration to help women cocoa growers in Côte d’Ivoire and Ghana
Mars Wrigley has announced a $10m investment to support women’s empowerment in cocoa-growing communities, working with CARE to build on the success and learnings of their Village Savings and Loans Association (VSLA) initiative.
Financial results
Hotel Chocolat checks in with strong results as global expansion increases sales revenue
Shares rose by almost 10% in Hotel Chocolat after the premium British chocolatier and omni-channel retailer reported a 14% increase in revenue to £91.7m ($118.6m), up from £80.7m ($104.43m) in the comparable period a year before.
Mondelēz expands into ‘new on-trend consumer spaces’ with indulgent nibble of two-bite brownie owner
Mondelēz International is expanding into the bakery category with a $1.2bn acquisition of a majority stake of Give & Go Prepared Foods Corp from private equity firm Thomas H. Lee Partners.