Chocoladefabriken Lindt & Sprüngli AG
DGAP-Adhoc: Lindt & Sprüngli expands with its successful retail concept in the Brazilian market
Chocoladefabriken Lindt & Sprüngli AG / Key word(s): Joint Venture 11.03.2014 07:00 Release of an ad hoc announcement pursuant to Art. 53 KR --------------------------------------------------------------------------- LINDT & SPRÜNGLI Media release Lindt & Sprüngli expands with its successful retail concept in the Brazilian market Kilchberg, March 11, 2014, - Lindt & Sprüngli establishes its first own subsidiary company in South America - L&S (Brazil) Holding Ltd. Lindt & Sprüngli Brazil is setting up a joint venture with the CRM Group, the market leader for Brazilian premium chocolate, who owns retail outlets under the label "Kopenhagen". The purpose of the joint venture in which Lindt & Sprüngli will have a majority interest of 51 % is to make LINDT the leading international premium chocolate label in Brazil, by establishing the internationally successful retail concept. In parallel, cooperation with the long-standing local distributor is to be continued with a view to marketing LINDT products in the retail trade. LINDT sales have been substantially increased in recent years; at the same time, the presence of LINDT products in the retail trade has been steadily expanded. The establishment of the joint venture with the partner CRM Group is to be understood as a clear indication of Lindt & Sprüngli's long-term commitment to the world's fifth largest chocolate market and of its intention to continue to expand into new emerging markets. About Lindt & Sprüngli: founded more than 165 years ago in Zurich, Lindt & Sprüngli is the global leader in the premium chocolate sector. Quality chocolate products by Lindt & Sprüngli are made at eight own production sites in Europe and the USA. They are distributed by numerous subsidiary companies and branch establishments and also via a comprehensive network of independent distributors all over the world. With some 9,000 employees, the Lindt & Sprüngli Group reported sales worth around CHF 2.88 billion in 2013. Contact: Media Chocoladefabriken Lindt & Sprüngli AG Corp. Communications Tel. +41 44 716 24 56/57/86 Mediarelations-in@lindt.com Contact: Investor Relations Chocoladefabriken Lindt & Sprüngli AG Investor Relations Tel. +41 44 716 25 37 Investorrelations-in@lindt.com 11.03.2014 News transmitted by EQS Schweiz AG. The issuer is responsible for the contents of the release. EquityStory publishes regulatory releases, media releases on the capital market and press releases. The EquityStory Group distributes authentic and real-time financial news for over 1'300 listed companies. The Swiss news archive can be found at www.equitystory.ch/news --------------------------------------------------------------------------- Language: English Company: Chocoladefabriken Lindt & Sprüngli AG Seestrasse 204 8802 Kilchberg Switzerland Phone: + 41 44 716 25 37 Fax: + 41 44 716 26 60 E-mail: zdrozd@lindt.com Internet: www.lindt.com ISIN: CH0010570759, CH0010570767 Valor: 1057075, 1057076 Listed: SIX End of Announcement EQS Group News-Service ---------------------------------------------------------------------------