The Hotel Chocolat share price is down today after the company announced it would be closing its stores in the UK. The chocolate retailer said that it would be closing its stores in the UK and Ireland as part of a restructuring plan. The news comes as a blow to the company, which has been struggling in recent years.
Hotel Choc’s share price has been on a bit of a rollercoaster ride lately. After hitting an all-time high in December, the stock took a sharp nosedive in January. However, it appears to be bouncing back and is currently trading at $0.70.
This volatility is not surprising given that Hotel Choc is a relatively new company and its business model is still unproven. Nevertheless, there seems to be strong demand for its products and services, as evidenced by its growing list of hotel partners and expanding international footprint. With this in mind, we think the stock could continue to see significant upside in the months ahead.
Hotel Chocolat Share Price History
Hotel Chocolat was founded in 1993 by Angus Thirlwell and Peter Harris. The company is headquartered in Brookes, Oxfordshire, United Kingdom. Hotel Chocolat has over 500 stores across the United Kingdom, Europe, Asia, the Middle East, Africa and the Americas.
The company sells chocolates through its own stores, online store and mail order business. It also has a small number of cafés. The company’s products are made from cocoa beans grown on its Saint Lucian plantation, La Serenata de Granda.
Hotel Chocolat’s share price history can be divided into three distinct phases: pre- IPO phase (1993-2006), post-IPO phase (2007-2015) and post-secondary phase (2016 onwards).
Pre-IPO Phase: Hotel Chocolat was founded in 1993 and started selling chocolates through its own stores in 2004. The company raised £4 million from private equity investors in 2006 to fund expansion.
Post-IPO Phase: Hotel Chocolat floated on the London Stock Exchange at a price of 195p per share in May 2007. The shares rose to a high of 486p in November 2007 before falling back to below 200p during the global financial crisis of 2008/09. The shares recovered to above 400p by 2011 but then fell back below 300p during 2012/13 as the company struggled to deliver profitable growth.
Post Secondary Phase: In 2014, Hotel Chocolat completed a secondary listing on the AIM market of the London Stock Exchange raising £58 million which it used to reduce debt and fund further expansion.
Credit: www.businessweekly.co.uk
Is Hotel Chocolat on the Stock Market?
Hotel Chocolat is not on the stock market. It is a privately owned company, founded in 1993 by Angus Thirlwell and Peter Harris. The company has grown from a small chocolate business into a international brand, with over 120 stores worldwide.
Hotel Chocolat’s success is due to its unique approach to chocolate making, using only the finest ingredients and focusing on quality over quantity. This has resulted in a luxury product that has won numerous awards and gained a loyal following of fans.
Is Hotc a Buy?
HOTC is not a buy.
Who is the Owner of Hotel Chocolat?
Hotel Chocolat was founded in 1993 by Angus Thirlwell and Peter Harris. The company is based in the United Kingdom and has over 80 locations across the country. Hotel Chocolat is best known for their luxury chocolates, which are made from premium ingredients like cocoa beans from their own plantation in Saint Lucia.
The company also sells a range of other products, including wine, coffee, and tea.
Is Hotel Chocolat a Plc?
Hotel Chocolat is not a plc. It is a limited company that is listed on the London Stock Exchange.
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Conclusion
Hotel Choc (ASX: HOT) is a chocolate company that manufactures and sells premium quality chocolate products. The company’s share price has been on the rise in recent months, reaching a high of $0.80 in December 2017.
Investors have been bullish on Hotel Choc due to the strong demand for its products, which have seen sales growth of 30% per annum over the past three years.
The company’s profitability has also been increasing, with net profit margins expanding from 5% in FY2015 to 10% in FY2017.
With the global chocolate market expected to grow at a CAGR of 5%, Hotel Choc is well-positioned to continue its strong growth trajectory and deliver shareholder value.
