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July 30, 2018

Hotel Chocolat to sell retail stores in Denmark to Retail Brands

British chocolatier and omnichannel retailer Hotel Chocolat Group has agreed to sell its stores in Denmark to Nordic firm Retail Brands.

British chocolatier and omnichannel retailer Hotel Chocolat Group has agreed to sell its stores in Denmark to Nordic firm Retail Brands.

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Both the firms have also entered a development agreement that covers countries, namely Denmark, Sweden, Norway, and Finland.

Hotel Chocolat marked its foray into Denmark with its first store in Copenhagen in 2012, and currently operates three stores in the country.

Hotel Chocolat co-founder and chief executive officer Angus Thirlwell said: “Having proven the popularity of the Hotel Chocolat brand with Danish consumers, we are excited to be entering our next phase of Scandinavia-wide growth.

“By combining the strengths of our products and brand with the operational skills of an in-country partner, our goal is to deliver sustainable growth in Denmark and the wider Nordic region.”

“Our goal is to deliver sustainable growth in Denmark and the wider Nordic region.”

In line with the development agreement, the business in Denmark will be transferred to a franchisee and Hotel Chocolat retains an option to buy back the same after a period of five years.

Retail Brands co-founder and chairman Tobias Johan Toft said: “We are delighted to add Hotel Chocolat to our brand portfolio.

“We are well advanced with our plans to open new stores and expect to open at the Bruuns Galleri shopping mall in Arhus and Ro’s Torv mall in Roskilde this autumn.”

Retail Brands operates international retail franchises in Nordic and has plans to grow its business in the Scandinavian market.

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Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
  • Track and monitor a company’s movements through alternative indicators to gain insights into the strategy before it is disclosed by the company
  • Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
  • Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
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