Hotel Chocolat raises £22m to fuel online and international growth

Hotel Chocolat

Hotel Chocolat has raised £22m through a share placing to help fuel its online and international growth once the coronavirus pandemic has dissipated.

The chocolatier said the cash would be ploughed into its medium-term growth strategy, which includes its expansion into the US and Asia, increasing its distribution and warehouse capacity, and investing in its core UK business – both in stores and online – once the crisis had passed. 

Hotel Chocolat said the funds would also provide it with “additional flexibility if it so becomes needed” during the coronavirus crisis. 

The business said it was adopting a “prudent approach to expansion” while the global pandemic rages on.

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • Two free article views per calendar month on
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few moments before your account is updated.