Chocolate maker Lindt experiences huge growth

Chocolate maker Lindt experiences huge growth

Swiss chocolate maker Lindt has had a very successful fiscal 2014, thanks to strong American sales after its Russel Stover acquisition.

Future growth as well

Lindt's underlying turnover has grown 10 % in 2014, which is much better than the average, single-digit growth in the rest of the market. Lindt will publish its full-year results on 10 March.

 

"I'm confident sales will continue to grow 6 to 8 percent in the future. Russell Stover should also be able to generate similar growth rates, but we first have to fully integrate them", CEO Ernst Tanner said.

 

Strong growth thanks to acquisition

Lindt paid 1.3 - 1.5 billion dollars (1.11 - 1.28 billion euro) last year to acquire Russel Stover, which has made it the third largest chocolate maker in America, the largest chocolate market in the world.

 

The company has also achieved decent European growth, mainly in France, Germany and the United Kingdom. Its European turnover grew 6.5 % while its American operations grew 14.3 %.

Questions or comments? Please feel free to contact the editors


Hunkemöller wants to conquer Switzerland

17/08/2017

Dutch lingerie chain Hunkemöller aims to open a chain of physical stores in Switzerland, after having already opened a Swiss web shop in September 2016. The first physical store will open its doors in October.

Shoe brand Bally put up for sale

16/08/2017

Austrian investment firm JAB Holding wants to sell Swiss shoe brand Bally, hoping to get at least 600 million euro. The same company sold shoe brand Jimmy Choo not too long ago, as it wants to focus on its food brands henceforth.

Crocs loses patent battle

14/08/2017

Shoe manufacturer Crocs has lost a patent court case revolving around the shoe’s design. According to the American Patent & Trademark Office (USPTO), another company has had a similar design for much longer.

Coolcat's losses compound

14/08/2017

Dutch fashion chain Coolcat, part of entrepreneur Roland Kahn’s group, has not managed to lower its losses in 2016. On the contrary: its losses grew more than 50 % compared to the year before.

Zalando's growth once again surpasses 20 %

10/08/2017

German Zalando has achieved its 20 % growth target for the second quarter, but just barely. It still forecasts a 20 to 25 % growth for its full fiscal year.

Gucci files lawsuit against Forever 21

09/08/2017

Fashion label Gucci has decided to file a lawsuit against fashion chain Forever 21 in the United States. The case revolves around several pieces of clothing, all with a blue-red-blue or green-red-green ribbon. 

Back to top