Inactive Instrument

HOTL CHOC

Equities

HOTC

GB00BYZC3B04

Hotel Chocolat appoints new chair, effective from Friday

May 03, 2023 at 04:36 pm IST

Hotel Chocolat Group PLC - Hertfordshire, England-based chocolate maker - Appoints Stephen Alexander as non-executive chair, effective from Friday. Notes Alexander has held numerous chair roles at public and private equity-backed companies for more than 20 years. This was predominantly in the consumer sector, including Dairy Crest Group, Immediate Media Co, Rhubarb Foods Ltd, EMI Group Ltd and Odeon Cinemas Ltd.

On Thursday last week, Hotel Chocolat warned sales for the financial year that ended July 2 to be "slightly lower than market expectations", noting its Easter sales were weaker than expected due to "some range gaps which could not be addressed this year due to transition year efficiency focus".

Current stock price: 171.30 pence, down 2.1% on Wednesday

12-month change: down 52%

By Greg Rosenvinge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about HOTL CHOC

Investors in wait-and-see mode	25/01
Hotel Chocolat's Sale to US Food Group Mars Inc Takes Effect	25/01	MT
Mars, Incorporated completed the acquisition of Hotel Chocolat Group plc from a group of sellers and others.	25/01	CI
Global markets live: EasyJet, Netflix, AT&T, eBay, Apple...	24/01
Hotel Chocolat says Mars takeover sanctioned by court	24/01	AN
UK High Court Clears Hotel Chocolat's Sale to Mars	23/01	MT
Hotel Chocolat Shareholders Approve Sale to Mars' Hive Bidco	17/01	MT
Phoenix Asset Management Discloses 10.42% Stake In Hotel Chocolat - Filing	19/12	RE
Analysis-Global small-cap stocks lure bargain hunters after sluggish 2023	07/12	RE
FTSE 100 Closes Down 1% as Oil, Mining Stocks Weigh	16/11	DJ
Stocks give way after rate optimism-fuelled rally	16/11	AN
Stocks down as post-inflation data rally fades	16/11	AN
AIM WINNERS & LOSERS: Hotel Chocolat, City Pubs surge on takeover bids	16/11	AN
Mars checks into Hotel Chocolat with GBP530 million offer	16/11	AN
The LSE takes a breather	16/11
FTSE 100 flat; Burberry tumbles on weak outlook	16/11	AN
Hotel Chocolat Group Agrees GBP534 Million Takeover by US-based Mars; Stock Skyrockets	16/11	MT
FTSE 100 struggles after rally as Burberry drags	16/11	RE
Mars to buy Britain's Hotel Chocolat for $662m	16/11	RE
Burberry cuts guidance; Mars to buy Hotel Chocolat	16/11	AN
Hotel Chocolat Received Proposed Cash Acquisition For 375 Pence In Cash For Each Share	16/11	RE
Mars to buy Britain's Hotel Chocolat for $662m	16/11	RE
Mars, Incorporated agreed to acquire Hotel Chocolat Group plc from a group of sellers and others for approximately £520 million.	16/11	CI
Byotrol interim sales flat; Argo loss narrows	14/11	AN
FTSE 100 Ends Higher Fueled by Energy Stocks	12/23/12	DJ

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Company Profile

Hotel Chocolat Group plc is a United Kingdom-based chocolate manufacturer and retailer. The principal activities of the Company are the manufacture and retail of chocolate in the United Kingdom and overseas. It offers boxed chocolates, luxury gifts, or giant chocolate slabs for birthdays, anniversaries, celebrations, and other. Its United Kingdom (UK) market is focused on UK Physical, which includes stores, cafes, and restaurants; UK Digital, which includes online sales, including subscriptions, and UK Partners and business-to-business (B2B), which is focused on wholesale and partners. International market includes overseas locations, including the United States, Ireland and Japan. Its Cacao estate and hotel includes a cacao farm and hotel in Saint Lucia. Its product types include Beauty Gifts, Batons and Slabs, Chocolate Boxes, Chocolate Gift Sets, Chocolate Selectors, Cooking Chocolate, Coffee Ceramic Cups, Gift Cards, Small Chocolate Packs, Luxury Biscuits, and various other.

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