Hotel Chocolat doubles pre-tax profits as it launches subscriptions | City & Business | Finance

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The retailer, which has signed six new wholesale accounts with the likes of Amazon, Ocado and Fenwicks department store, doubled annual pre-tax profits to £11.2million on 12 per cent higher revenue of £105.2million.

Chief executive Angus Thirlwell said it was meeting demand for “experiences” by allowing entry to small groups after closing time for tastings and shopping.

He said: “Adding a cafe adds more reasons to visit.”

In addition, he said the retailer and brand will launch its new M-Box subscription offer early next year following a successful pilot.

Mr Thirlwell added: “We know that consumers are living an ever-more mobile life and there is no reason why they shouldn’t be able to have Hotel Chocolat around them wherever they are.

“This new proposition is a smaller box for £5 weekly, and the chocolates are sealed in a little pouch, which means that you can slip them into your gym bag, tuck them down the side of your briefcase, take them walking with you – all the things we know people want to do is now enabled with this M-Box.”

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