Report: Hotel Chocolat Purchases Rabot 1745

Jun 21st, 2021
Jacquelyn Schlabach
The beauty brand features 'cacao-powered beauty,' according to the its website.
The beauty brand features "cacao-powered beauty," according to the its website.

Confectioner Hotel Chocolat has reportedly purchased Rabot 1745 for £4, according to BBC News. To clarify, the purchase amount is not a typo.

Previously: Unilever Acquiring Paula's Choice

According to the report, Rabot lost £400,000 last year "but Hotel Chocolat says it can turn it around."

The beauty brand features "cacao-powered beauty," according to the its website.

Andrew Gerrie, who owns 40.5% of the brand, will receive £3 in exchange for his stake; he will also have a loan paid off as part of the deal. Remaining investors will reportedly share the other £1 between them.

BBC reports that Hotel Chocolate will pay back a £744,000 loan that Gerrie provided to Rabot.

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