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Hotel Chocolat Takeover
Hotel Chocolat Takeover chocolates

Hotel Chocolat Takeover

Hotel Chocolat founders have agreed a takeover with Mars. Mars will take over the business and have agreed to keep production in the UK.

The founders are set to make £280m after an agreed take over of £534m. After the deal was announce shares increased by 160%.

Mars currently employs over 140,000 people around the world with 7% of those being based in the UK. Hotel Chocolat currently has 131 stores in the UK, 21 in Japan and 1 on St Lucia.

Angus Thirwell, one of the founding directors, will reside with the new business as the Chief Executive while Peter Harris will retire.

To read more about the take over click here.

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