US premium chocolate heating up
Nestlé, one of the giants of the world's chocolate scene, has set its sights on the premium end of the market. The appetite for posh chocs is growing in the West, not least in the...
Nestlé has indicated its intention to enter the premium chocolate market with the launch of a swathe of upmarket products that are currently under development.
Lindt & Sprüngli, the Swiss chocolate maker, is to invest over CHF750m (US$760.1m) in the business over the next three years to shield itself against the weak dollar.
Coffee retailing giant Starbucks has joined forces with US confectionery group Hershey to launch a range of "artisan-style" coffee and tea flavoured chocolates.