Charity calls for ‘Big Chocolate’ to pay more to Ghana’s cocoa farmers after it revealed that their net incomes have fallen on average by 16% since 2020, with women’s incomes falling by nearly 22%.
Despite coconut oil being just a minor ingredient in some of Lindt & Sprüngli’s products, a raw material risk assessment highlighting sustainability challenges has prompted the chocolate maker to act.
Lindt & Sprüngli has reported strong sales growth in the first half of the year driven by its North American business and recent Russell Stover acquisition as global chocolate markets slow or decline.
Lindt reached record annual sales this morning, surpassing CHF 3bn for the first time - surprising growth given cocoa price hikes and a tough market, an analyst says.
Lindt & Sprüngli’s operating profit rose 10.3% in 2012 and the company has declared itself “partially unaffected” by the continuing economic downturn as consumers still seek quality chocolate in tough times.
Swiss chocolatier Lindt has recorded sales below market expectations and could be subject to a takeover from Nestle, according to an analyst from Kepler Capital Markets.
Swiss chocolatier Lindt & Sprüngli has reported its
highest-ever rate of organic growth for 2004, with its focus on
premium products allowing it to buck the general trend towards
reduced consumption of chocolate in favour of healthier...
