Rococo seeking buyer as troubled chocolatier continues to trade
Rococo Chocolates’ administrator, BDO, said they were actively seeking a buyer for the stricken business – as it continued to trade when FFD went to press.
The 35-year-old luxury chocolatier, which also has five central London shops, was placed into administration on 23rd May.
Despite this it has traded as normal, with its shops in Covent Garden, Chelsea, Notting Hill, Marylebone and Belgravia all remaining open.
Kerry Bailey, joint administrator, said: “It’s too early for us to make any assessment on what went wrong. We are simply focused on finding a buyer for the business.”
Bailey told FFD that she was confident at least one offer would be forthcoming and that the business continued to trade during the administration. There are “no plans” to close any stores, she added.
Danny Dartnaill, also of BDO, said: “Difficult trading conditions negatively impacted the company’s working capital position and an administration was required to provide a stable financial platform to rescue the company.”
FFD tried to contact founder Chantal Coady OBE but she was not available for comment.
The last accounts filed for Rococo at Companies House – covering the extended period from 1 July 2016 to 31 December 2017 – show a loss of £259,985, compared with a loss of £199,390 in 2016.
This story appeared in the July issue of Fine Food Digest. You can read more on the digital edition here.
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