Qatar takes control of chocolate company Galler | RetailDetail

Qatar takes control of chocolate company Galler

Qatar takes control of chocolate company Galler

Qatar’s royal family acquired most of founder Jean Galler’s shares in his own chocolate company. In the long run, it will obtain all shares.



Qatar acquired a stake in 2006, but that was below the 50 % threshold, something that now changes. According to De Tijd, Qatar now as a “substantial majority”. Founder Jean Galler maintains a symbolic stake and will stay on board as its creative director. Joao De Gouveia, advisor to the royal family, will become the new CEO. In the long term, the Qatari will obtain 100 % of shares.

Galler managed a 35 million euro turnover last year and targets 40 million euro for this year. It achieves strong Asian growth and will open a first store in China soon. The chocolate company also has stores in Belgium, Luxembourg, Lebanon, Japan, France and Qatar.

Questions or comments? Please feel free to contact the editors

Gerelateerde items

Discounters' major opportunities for growth in Western Europe


Despite the multitude of stores in most European markets, discounters plan to open up to ten million square metres of store surface in five years' time. Even in so-called saturated markets they still see a lot of chances for growth, LZ Retailytics says.

Contamination bites huge chunks of Greenyard's value


Vegetable producer Greenyard is under attack after a listeria contamination in its Hungarian factory. The company says to have taken all necessary measures, but the share price plummets.

Starbucks dumps plastic straws worldwide


American coffee company Starbucks will ban plastic straws in their stores starting from 2020. A small step for coffee enthusiasts, but a big step for the environment, as the coffee giant uses about a billion straws every year.

AB InBev joins forces with Efes in Russia


In order to counter the decline of their success on the Russian market, Belgian beer giant AB InBev has placed its activities in Russia in a joint venture with Turkish Anadolu Efes.

Jumbo appoints new head of Belgian branch


Dutch Jumbo Groep Holding has made a management reshuffle, with Peter Isaac becoming the new managing director of the group's Belgian branch. Bart van den Nieuwenhof meanwhile is set to leave the group's restaurant chain La Place.

Snacks boost Pepsico’s sales


Snack and beverage giant Pepsico has recorded a slight revenue growth of 2.4 % in the second quarter of this year. Net profit however went 14 % lower, due to rising taxes.