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Godiva Chocolatier is a manufacturer of premium chocolates and related products owned by Turkish company Yildiz Holding S.A.
Godiva owns and operates more than 450 retail boutiques and shops in the US, Europe, and Asia and is available via over 10,000 specialty retailers.[1]
It also has a direct-sales business through its website (www.godiva.com) or via a toll-free number.[1]
Besides chocolates, Godiva also sells truffles, coffee, cocoa, biscuits, dipped fruits and sweets, "Chocolixir" beverages, wedding and party favors and other items arranged in gift baskets. Godiva's signature package is the Gold Ballotin (French for "small, elegant box of chocolates"). Godiva also produces seasonal and limited edition chocolates with special packaging for all major holidays. Godiva also has license agreements for the production of ice cream, cheesecake, coffee pods and liqueur that comes in several chocolate-related flavors.
History
Godiva was founded in 1926 in Brussels, Belgium by Joseph Draps.[2] The chocolatier opened his first boutique in the Grand Place in Brussels, Belgium. Under its present name, a name chosen in honor of the legend of Lady Godiva.[2]
The first Godiva shop outside Belgium was opened in Paris in 1958.[3]; in 1966, the company's products reached the United States, where it was sold at luxury department stores.[3]. In 1978, the first Godiva boutique in North America was opened on New York's Fifth Avenue.
By 2007 Godiva had annual sales of approximately $500 million.[4]
In August 2007, Campbell announced it was "exploring strategic alternatives, including possible divestiture, for its Godiva Chocolatier business"; the company said the "premium chocolate business does not fit with Campbell's strategic focus on simple meals".[4] On December 20, 2007, Campbell announced that it entered into an agreement to sell Godiva to Istanbul, Turkey, based Yildiz Holding A.S. which also owns Ãœlker.
The acquisition was completed on March 18, 2008 for $850 million. [5]
References
- ^ a b History of Godiva from the company's "Careers" website
- ^ a b The History of Godiva Chocolatier, from the company's website
- ^ a b Godiva Chocolatier, Inc. from a profile in International Directory of Company Histories via findarticle.com
- ^ a b Campbell To Explore Strategic Alternatives For Godiva Business, a Campbell's press release via shareholder.com
- ^ Campbell Completes Sale of Godiva Chocolatier to Yildiz Holding A.S. for $850 Million
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