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Luxury UK Chocolatier Falls Into Administration After Almost 40 Years in Business
After 120 years, Prestat's administration results from record cocoa prices and market challenges, with a pre-pack sale to L'Artisan du Chocolat securing brand continuity.
Summary by Daily Record
5 Articles
5 Articles
Marasu's Petit Fours enters administration as cocoa crisis hits chocolate market
HighlightsMarasu's Petit Fours, founded in 1987, has appointed joint administrators after four decades in business.The luxury brand supplies prestigious retailers including Harrods, Selfridges, Fortnum & Mason and Pret a Manger..Chocolate prices in Britain rose 18.4 per cent year-on-year in November due to poor harvests in Ghana and Ivory Coast caused by climate change.Marasu's Petit Fours, a major UK luxury chocolate manufacturer, has collapsed…
Coverage Details
Total News Sources5
Leaning Left2Leaning Right1Center1Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 25%
R 25%
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