Hotline: 1800 102 2007
X
Search Business Opportunities
Mar, 07 2018

Lindt Seeks More Chocolate Lovers In Emerging markets

The dip came despite Lindt’s new packaging and discounts over Christmas, and with the relaunch of a sugar-free chocolate line.

Swiss chocolate maker Lindt & Spruengli is planning to gain more chocolate loving customers in Japan, China, South Africa, Brazil and Russia which the group states to be the market with "enormous potential".

Lindt, a leader in the affordable luxury chocolate segment, said in its annual report that subsidiaries in those five countries had produced "an above average result" in 2017, with organic growth of 12.4%.

Lindt said, "This positive trend is being fuelled by consumers' growing demand for quality, greater purchasing power and also a growing desire for chocolate with a high cocoa content.”

It added people gave into their temptation for Lindt chocolate elsewhere as well, with global net profits rising 7.8 percent from 2016.

Meanwhile, sales hit an all-time record for the 175 year old company of more than 4 billion Swiss francs (3.45 billion euros, $4.3 billion).

It said Lindt feted an improved market situation for key raw materials cocoa beans, cocoa butter and sugar with "much better harvests in 2016/17, allowing the previous record-high prices to ease back to normal levels".That should allay chocolate lovers' fears of an imminent crisis for their favourite treat. It was good news all round, bar in the United States, the world's largest chocolate market but a weaker one for Lindt, where company sales dipped slightly.

The dip came despite Lindt’s new packaging and discounts over Christmas, and with the relaunch of a sugar-free chocolate line.

Comment
Related opportunities
  • Healthcare Products
    dr batra..
    Locations looking for expansion Maharashtra
    Establishment year 2012
    Franchising Launch Date 2012
    Investment size Rs. 20lac - 30lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • Quick Service Restaurants
    About Faasos: Incorporated in 2011, Faasos is the most distruptive and..
    Locations looking for expansion Delhi
    Establishment year 2011
    Franchising Launch Date 2017
    Investment size Rs. 30lac - 50lac
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Designer Wear
    About : Started in 2014, H&S sources its fabric from Italian..
    Locations looking for expansion Maharashtra
    Establishment year 2014
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Tea and Coffee Chain
    About Us: Ritazza is an international chain of coffee shops specialising in..
    Locations looking for expansion Delhi
    Establishment year 1988
    Franchising Launch Date 1955
    Investment size Rs. 1 Cr. - 2 Cr
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities