Hotel Chocolat founders to land £280m after it agrees £534m Mars takeover
by Jasper Jolly from on (#6GDT8)
US food company pays big premium for UK chocolates maker and says it will keep manufacturing in Britain
Hotel Chocolat's founders are set for a 280m payday after the upmarket chocolates maker agreed to a 534m takeover by American food company Mars at a big premium to its market value.
The chief executive, Angus Thirlwell, and senior executive Peter Harris and their family trusts hold shares that will be valued at 140m apiece after the takeover of the London-listed business, announced on Thursday morning.
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