Technological innovations which were once driving the market have already disappeared (dvds, answering machines, MP3 players) and companies are still struggling to connect with millennials between 20-40 years old, according to Daniel Langer, CEO, Équité,...
The 105-year-old confectioner revamped its image earlier this year to capitalize on key natural trends, transitioning to recyclable plastic for its iconic licorice jar and joining two sustainability initiatives.
The six-year-old company had landed $35m in funding as recently as 2017, but it said a challenging retail environment led to this financial pitfall. Six of its more than two dozen stores will close immediately.
Premium chocolatier and multi-channel retailer, Hotel Chocolat Group, has defied UK High Street woes and delighted financial analysts with an eye-grabbing set of full-year results, with increases in pre-tax profit and revenue.