Hotel Chocolat in talks about possible sale of the business
Premium chocolate retailer Hotel Chocolat is reported to be in discussions with private equity groups about a possible sale which could see the business valued at between £50 million and £100 million.
In 2012, Hotel Chocolat hired Pricewaterhouse Coopers to evaluate unsolicited bids for the company. According to This is Money, the accountancy firm has now progressed to commencing talks with potential buyers.
Hotel Chocolat operates over 70 outlets within the UK, US, Denmark and The Netherlands. It also owns the 140 acre Rabot Estate in St Lucia where the company grows its own cocoa.
Last year, Hotel Chocolat made a pre-tax profit of £5.4 million on sales of £63.8 million.
Email this article to a friend
You need to be logged in to use this feature.
Please log in here