Hotel Chocolat has unveiled another push into the Japanese market by signing a new deal with Tokyo-based Eat Creator Corporation to include 21 Hotel Chocolat-branded shops across the country.
Hotel Chocolat, the UK luxury high-street brand, has reported a £9.4m pre-tax loss for the year to June, and announced it is scaling back on Christmas discounts in the lead-up to this year’s holiday season.
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Shares in the Hotel Chocolat have crashed by more than 40% after the Group announced it is closing all its stores in North America and writing off £3 million ($3.58m) from a business venture in Japan.
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UK premium brand Hotel Chocolat is recruiting 140 new permanent employees to start work at its state-of-the-art manufacturing site in Hadley Park, Huntingdon.
Hotel Chocolat’s online and subscriptions are set to make up more than half of all sales this year, the premium brand reported in its latest trading update.
Hotel Chocolat has backed a campaign set up by The Prince’s Trust uniting with over 60 other UK brands to create lasting change for young women in the UK.
Premium British chocolatier Hotel Chocolat Group plc has announced revenue of £136m ($174m), an increase of 3% compared with the same period last year, despite its physical high-street outlets being shuttered for 12 weeks because of the coronavirus lockdown.
Hotel Chocolat has closed all its UK stores in response to the coronavirus outbreak but will continue to trade online, offering free delivery to customers.
Shares rose by almost 10% in Hotel Chocolat after the premium British chocolatier and omni-channel retailer reported a 14% increase in revenue to £91.7m ($118.6m), up from £80.7m ($104.43m) in the comparable period a year before.
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.
As part of the new agreement, the Nordic franchise operator will take over the company's operations of three Danish stores and expand the brand throughout the region.
Hotel Chocolat has claimed victory in a dispute with Waitrose after the UK retail chain decided to stop producing chocolate slabs, which the confectioner claimed mimic its own.