UK chocolate group Hotel Chocolat sees strong revenue growth

LONDON (XINHUA) – British chocolate firm Hotel Chocolat Group reported on Thursday a strong revenue growth for the second half of 2019.

The total group revenue grew by 14 per cent during the 26 weeks ending December 29, 2019, compared with the same period in 2018, said the company’s trading statement.

Meanwhile, total revenue for the 13-week period rose by 11 per cent compared to the previous year.

“Trading for the 13-week period and since last December continues to be in line with management’s expectations, though the cost to deliver this growth was modestly higher due to inefficiencies in the supply chain which are being addressed in 2020,” said the statement. The statement also showed that during the 26-week period, the group opened nine new locations in Britain, two in the United States (US) and three new joint-venture locations in Japan.

Co-founder and Chief Executive Officer of the group Angus Thirlwell said, “While much of 2019 was about getting started in these large new markets, 2020 will see us accelerate our supply-chain transformation. This focus will rebalance us from being a United Kingdom (UK)-based company operating from owned channels, to one more suitable for multi-channel multi-territory international supply.”

Founded in 1993, Hotel Chocolat sells products online and offline across Britain and abroad.

Angus Thirwell co-founded Hotel Chocolat and serves as the company’s CEO. PHOTO: BLOOMBERG