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Top related persons:
Angus Thirlwell - 4 Thirlwell - 4 Peter Harris - 3 Andrew Clarke - 2 Mars Snacking - 2 Mars - 2 Peter Nicholls - 1 Sarah Young - 1
Top related locs:
Chocolat London Japan Saint Lucia Britain British Chocolat's Peel
Top related orgs:
London Stock Exchange - 2 REUTERS - 1 Mars Inc - 1 Thomson - 1 Service - 1 British - 1 Bloomberg - 1 LONDON - 1

Search resuls for: "Angus Thirlwell"


4 mentions found


☆ Mars to buy Britain's Hotel Chocolat for $662m
  + stars: | 2023-11-16 | by ( ) www.reuters.com   time to read: +2 min
Hotel Chocolat products are seen on sale at Rabot 1745, in London, Britain December 1, 2017. REUTERS/Peter Nicholls/File Photo Acquire Licensing RightsLONDON, Nov 16 (Reuters) - Britain's Hotel Chocolat (HOTC.L) agreed to a 534 million pound ($662 million) takeover offer from Mars Inc on Thursday, the specialist chocolatier succumbing to the U.S. food giant with international expansion in mind. Set up twenty years ago, Hotel Chocolat aimed to make chocolate exciting by bringing ethical affordable luxury to the British high street, and joint founder Angus Thirlwell remains chief executive to this day. Thirlwell, who will stay on with the business under family-owned Mars, said growth would be faster under new ownership. By partnering with Mars, we can grow our international presence much more quickly," he said in a statement.
Persons: Peter Nicholls, Angus Thirlwell, Thirlwell, Peter Harris, Sarah Young, Kate Holton, James Davey Organizations: REUTERS, Mars Inc, Thomson Locations: London, Britain, Chocolat, Saint Lucia, Japan
☆ Hotel Chocolat's cofounders are about to become $180 million richer after Mars made a takeover bid
  + stars: | 2023-11-16 | by ( Chris Johnston | ) www.businessinsider.com   time to read: +3 min
Mars is offering almost $700 million to buy Hotel Chocolat. AdvertisementThe cofounders of Hotel Chocolat stand to become about $180 million richer after Mars offered to buy the upmarket chocolatier for £534 million ($673 million.) Thirlwell stands to make £91 million ($112 million) and Harris £53 million ($65 million) from the Bounty and Mars maker's offer. Hotel Chocolat has 131 stores in the UK. Mars would keep the company "special" while helping it grow, Clarke told Bloomberg, including opening more Hotel Chocolat stores in the UK.
Persons: Angus Thirlwell, Peter Harris, —, Thirlwell, Harris, Peter Dazeley, Andrew Clarke, Mars Snacking, Clarke Organizations: Service, British, London Stock Exchange, Bloomberg Locations: British, Chocolat, Chocolat's, Japan, Peel, London
☆ Mars' $662 million acquisition bid sends shares of Britain's Hotel Chocolat soaring 160%
  + stars: | 2023-11-16 | by ( Karen Gilchrist | ) www.cnbc.com   time to read: +1 min
LONDON — U.S. food giant Mars said Thursday that it will buy British chocolatier Hotel Chocolat for £534 million ($662 million), as the brand seeks to boost its international presence. "We know our brand resonates with consumers overseas, but operational supply chain challenges have held us back. The announcement sent shares of London Stock Exchange-listed Hotel Chocolat soaring more than 160% in early deals to 366.50 pence by 9:30 a.m. local time Thursday. Hotel Chocolat is primarily U.K.-based, with 124 shops domestically and several others overseas. "We are confident that Mars will be an excellent long-term home for Hotel Chocolat, providing a like-minded, entrepreneurial and purpose-led environment in which to maximize the potential of the Hotel Chocolat brand which is already so beloved by consumers," Andrew Clarke, global president of Mars Snacking, said in a statement.
Persons: Angus Thirlwell, Mars, Thirlwell, Andrew Clarke, Mars Snacking Organizations: LONDON, London Stock Exchange, headwinds Locations: Chocolat, U.S, Saint Lucia
☆ Mars is buying Britain’s Hotel Chocolat in £534 million deal
  + stars: | 2023-11-16 | by ( Hanna Ziady | ) edition.cnn.com   time to read: +3 min
London CNN —Mars is buying Hotel Chocolat in a deal that values Britain’s largest independent chocolate maker at £534 million ($661 million) and could boost its growth prospects outside of the United Kingdom. Hotel Chocolat was founded in 1993 by entrepreneurs Angus Thirlwell and Peter Harris who “were on a mission to make chocolate exciting again,” according to its website. In the most recent financial year, Hotel Chocolat posted what it described as “disappointing” financial results. The company’s revenue declined 10% to £205 million ($254 million) and it reported a loss of £6.2 million ($7.7 million). “Hotel Chocolat, whilst expensive, is proper chocolate.
Persons: London CNN —, Jonathan De Mello, Angus Thirlwell, Peter Harris, “, Chocolat, Thirlwell, ”, Kraft, ” Susannah Streeter, Hargreaves Lansdown, Mars Organizations: London CNN, United Kingdom ., Chocolat’s, JDM Retail, Twitter, Kraft Foods, Mondelez, Mars, Hargreaves Locations: United Kingdom, Chocolat, London, Japan, Caribbean, American, Birmingham
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