French gourmet grocer Fauchon Paris has acquired a 33% stake in family-owned chocolate maker, Pascal Caffet.
The move is the latest example of Fauchon’s on-going strategy to buy into, or forge alliances with, small craft firms in order to secure high quality supplies as the basis for its own brand products.
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In August 2009, the group announced it was branching out into production under license with the launch of pâtisserie, ice cream and frozen foods on the French market in partnership with Maison Boncolac.
Fauchon is now eyeing possible acquisitions and tie-ups in other areas of the luxury fare market, such as champagne and foie gras, to drive further growth in the company’s business.
