Hotel Chocolat bolsters finances to get through coronavirus crisis
Reuters
Published May 04, 2020 07:46
LONDON (Reuters) - British chocolatier Hotel Chocolat (L:HOTC) has increased its banking facilities to help get it through the coronavirus crisis, it said on Monday.
The firm said it had agreed a 35 million pounds revolving credit facility with Lloyds Bank (L:LLOY), replacing a 10 million pounds overdraft. The new facility follows a 22 million pounds equity placing in March.
Hotel Chocolat closed all its stores on March 23 in line with the UK lockdown. It said this had a material impact on Easter trading but was partly mitigated by online sales.
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Written By: Reuters
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