The firm’s UK sales grew 35% in the year to 26 June 2022, led by growing online sales, as the company opened a new store in Norwich. (Philip Toscano/PA)
(Picture: PA Wire)Shares in luxury retailer Hotel Chocolat plummeted 42% in early trading this morning as the chocolatier’s strong UK sales were overshadowed by setbacks in its overseas operations.
In a trading update the company said it expects to make a loss after taking a £3 million hit from closing all five of its US stores in a “difficult” trading period. It may also have to write down the value of a £23 million loan from its ailing Japanese business. The company continues to sell products in the US online.
