Food
Premium Chocolate Emerges as Winner in Pandemic
- Lindt has been gaining U.S. market share since end of lockdown
- Chocolatier Laederach opens NYC flagship amid retail gloom
The Laederach store on 5th Avenue.
Source: Laederach
As the coronavirus pandemic leads to the collapse of one retailer after another, Swiss chocolatier Lindt & Spruengli AG has been gaining U.S. market share and rival Laederach is opening its biggest store yet in New York.
Chocolate has emerged as one product that consumers won’t do without in trying times. The U.S. market for it expanded at unusually fast double-digit rates in June and July and it was still higher than pre-Covid growth levels in September, according to Sanford C. Bernstein, which cited Nielsen data.