Fancy Chocolate Becomes Latest Victim of UK Inflation Crisis
- Hotel Chocolat now expects to make a loss in the current year
- Blames weak consumer sentiment and ongoing cost pressures
Hotel Chocolat said it expects to turn a loss in the current financial year.
Photographer: Chris Ratcliffe/Bloomberg
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UK chocolate maker Hotel Chocolat Group Plc is feeling the pressure from inflation and lower interest from consumers in fancy products.
As shoppers become increasingly cautious on spending, the impact on premium products becomes more noticeable. Hotel Chocolat said in a Friday statement it now expects to turn a loss in the current financial year, causing its shares to slump as much as 19%.