3rd May 2023 12:04
Hotel Chocolat Group PLC - Hertfordshire, England-based chocolate maker - Appoints Stephen Alexander as non-executive chair, effective from Friday. Notes Alexander has held numerous chair roles at public and private equity-backed companies for more than 20 years. This was predominantly in the consumer sector, including Dairy Crest Group, Immediate Media Co, Rhubarb Foods Ltd, EMI Group Ltd and Odeon Cinemas Ltd.
On Thursday last week, Hotel Chocolat warned sales for the financial year that ended July 2 to be "slightly lower than market expectations", noting its Easter sales were weaker than expected due to "some range gaps which could not be addressed this year due to transition year efficiency focus".
Current stock price: 171.30 pence, down 2.1% on Wednesday
12-month change: down 52%
By Greg Rosenvinge, Alliance News reporter
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