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Lindt Sweet On Canada

July 17, 2014

Swiss Chocolatier Lindt is set to open several new locations in Canada and have retained Canadian based real estate brokerage firm Think Retail, to assist with their retail expansion.

The company is planning to open five (5) locations in 2015 and another five (5) sites in 2016. The following markets are targeted for growth: Ontario, Alberta, BC, Quebec and New Brunswick. Lindt will consider openings in outlet centres, high streets, super regional malls, large open air centres, airports and tourist destinations. Size required is 1250-1800 square feet. Preferred co-tenants include Whole Foods, William Sonoma, Sephora, Michael Kors, Lululemon, J Crew, Polo, Anthropologie, Cineplex Odeon, and a mix of casual full-service restaurants.

Lindt recently opened two Canadian stores: Niagara Outlet Collection and Wellington Crossing (in London). Two more units are confirmed for fall - Landsdowne Park in Ottawa and Montreal Premium Outlets. The company expects to finish the year with 22 Canadian stores.

In other MAJOR news, yesterday, Lindt agreed to acquire Russell Stover Candies Inc. “It is a billion (dollar) deal. How much more than one billion I cannot say,” stated Lindt Chairman and Chief Executive Ernst Tanner in an interview on Monday. Russell Stover generates annual sales of about $600 million. The deal gives Lindt around 10% of the U.S. chocolate market, ahead of Nestle. Shares of Lindt’s parent company, Chocoladefabriken Lindt & Spruengli AG, are up nearly 3% on the news and over 15% so far this year.

Lindt & Sprungli is recognized as the market leader in premium quality chocolate, offering a large selection of products in over 100 countries around the world. During more than 160 years of Lindt & Sprungli’s existence, it has become known as alone of the most innovative and creative companies companies making premium chocolate, with six production sites in Europe, two in the US and distribution and sales on four continents. Globally, the company employs approximately 9,000 people. In 2013, Lindt & Sprungli reported net sales in excess of $2.88 billion.

For additional information on Lindt, please visit their website at www.lindt.ca.