Monday, November 20, 2017

Hotel Chocolat eyes international growth

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Chocolate retailer Hotel Chocolat is setting its sights on international growth and building a global network of franchise partners, it has been announced.

In a bid to “successfully resonate with local customers”, the retailer is targeting key markets across Northern and Central Europe, Americas and the Far East.

Hotel Chocolat, which reported an 84 per cent rise in pre-tax profit in its last financial year while EBITDA soared 41 per cent year-on-year, is looking for individuals or businesses with sufficient capital to support a five-year expansion plan.

Franchise partners should also have expertise in their local market across property and business legislation as well as “the resources to establish and develop a successful franchise business”.

Earlier this week, it emerged that the chocolate specialist is in talks with private equity firms over a possible sale valuing the company at up to £100 million in a bid to drive further growth.

Explaining the move, Hotel Chocolat said on its website: “The expansion of our own stores will be supported through a global network of Franchise partners.

“The exclusive relationships across agreed territories will allow us to adopt a more collaborative, supporting and flexible role where relationships can be built and rewards are shared.”