Chocolat Frey reports turnover drop
Swiss confectionery company Chocolat Frey has reported an annual turnover drop of 3.4% at 368 million Swiss Francs (€251m) mainly due to foreign currency losses in international sales. This is despite retaining a turnover of 265 million Swiss Francs (€180m) in the Swiss market.
The company has also re-launched its ‘Bugg’ chewing gum brand in Norway after a successful Facebook campaign to get the chewing gum back on the shelves attracted 60,000 members. The chewing gum is available in four sugar-free fruit flavours and distributed in Norway by Galleberg. Chocolat Frey acquired the brand from Malaco, a Swedish subsidiary of Leaf.