Closure of US website
12/09/2022 09:47
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RNS Number : 0988Z Hotel Chocolat Group PLC 12 September 2022
12 September 2022
HOTEL CHOCOLAT GROUP PLC
("Hotel Chocolat", the "Company" or the "Group")
Closure of US website
In a trading update on the 19 July, Hotel Chocolat announced that investment
levels in the US would be materially reduced, with ongoing investment limited
to essential working capital only for online and wholesale.
Subsequent to the announcement, the Group has decided to cease US direct to
consumer sales via its website and exit the in-country warehousing and
fulfilment support arrangements.
The Group continues to explore the future development of wholesale
opportunities in the US market.
Enquiries:
Hotel Chocolat Group PLC Tel: +44 (0) 1763 257 746
Angus Thirlwell, Co-Founder and CEO
Peter Harris, Co-Founder and Development Director
Matt Pritchard, CFO
Liberum (Nominated Adviser and Sole Broker) Tel: +44 (0) 20 3100 2000
Clayton Bush
Edward Thomas
Miquela Bezuidenhoudt
Citigate Dewe Rogerson Tel: + 44 (0) 20 7638 9571
Angharad Couch
Ellen Wilton
Alex Winch
Notes to Editors:
Hotel Chocolat is a premium British chocolate maker with a strong and
distinctive D2C brand. The business was founded by Angus Thirlwell and Peter
Harris, who are still executives within the business, and has traded under the
Hotel Chocolat brand since 2003. The Group is unusual in being a grower
(organic cacao farm in Saint Lucia), a manufacturer (Cambridgeshire) and
owning its extensive direct to consumer channels (branded stores, websites).
The Group was admitted to trading on AIM in 2016.
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