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Mars To Buy U.K. Chocolate Company

  • Food Dive, Sunday, November 19, 2023 8:50 AM
Mars, maker of Snickers and M&Ms, is buying the U.K.'s Hotel Chocolat for $665 million. "While Mars is best known for its mainstream confections, the acquisition of Hotel Chocolat will give the New Jersey-based company a premium brand that it can expand in the U.K. and 'potentially in new geographies,'" per Food Dive. "Mars said the purchase will add to its portfolio a brand with 'distinctive capabilities in product development, luxury gifting and immersive brand experiences.'"

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