Premium chocolatier Hotel Chocolat has announced plans to go public, listing on the AIM market later this year.
The company made £81.1 million worth of sales in the year to the 28 June, and is hoping to secure a valuation of £150 million through its IPO. The funds will be used to accelerate growth, with co-owner Angus Thirlwell calling it the “next logical step.”
“This will enable us to accelerate the many initiatives that we have in place, in particular additional investment in our British chocolate manufacturing, in new stores and in our digital offering,” he continued.
Hotel Chocolate, founded in 1993, currently operate 84 stores in the UK and abroad and posted revenues of £81.1 million for its last financial year, ending 28 June 2015.
09/03/2016