Archives for November 20, 2023

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Financial news

Hotel Chocolat founders bag £144m each after takeover, but has Mars paid ‘silly money’ for the struggling UK brand?

20-Nov-2023

By Anthony Myers

The co-founders of Hotel Chocolat, Angus Thirlwell and Peter Harris, will receive £144m ($180m) each after agreeing to sell the UK luxury chocolate business to Mars, which has agreed to pay £534m for the high-end chocolatier.

Sustainability

COP28 to hear of CFI updates on cocoa deforestation in West Africa

20-Nov-2023

By Anthony Myers

The Cocoa and Forests Initiative (CFI) is set to present updates on the industry’s commitment to eliminate deforestation and restore degraded forests at COP28, the United Nations Climate Change Conference, which will be held this year in Dubai from 30...