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Russell Stover Chocolates, Inc. is an American manufacturer of candy, chocolate, and confections. Founded by Russell Stover , an American chemist and entrepreneur, and his wife Clara Stover in 1923, it is an independent subsidiary of Swiss chocolatier Lindt & Sprüngli .
At the time of the purchase, Mr. Ward owned a box company that had Russell Stover Candies as an important customer. [8] The Ward family owned the brand until July 14, 2014, when the Swiss chocolate-maker Lindt bought Russell Stover Candies. At the time of the sale, Lindt reported the revenue of Russell Stover Candies at $500 million. [9]
In 1993, Pet sold the Whitman's brand to Russell Stover Candies, the major supplier of boxed candy in the United States. [5] In July 2014, Russell Stover was acquired by the international company Lindt & Sprüngli. [6] In 1984, Whitman's introduced its light chocolate.
Check out this giant box of chocolates with pieces that weigh nearly 40 pounds each.
ZURICH (Reuters) -Swiss chocolate maker Lindt & Spruengli expects sales of its upmarket chocolates to grow less in 2022 than last year, it said on Tuesday, and blamed supply chain bottlenecks for ...
On 14 July 2014, Lindt bought Russell Stover Candies, maker of Whitman's Chocolate, for about $1 billion, the company's largest acquisition to date. [17] Due to the 60% praline market share of Russel Stover, Lindt became the third largest chocolate company in North America, while also having a presence with its other brands. [18]
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Louis Larrick Ward (November 18, 1919 - February 10, 1996) was an American businessman who successfully turned the Russell Stover Candies company into an international brand after purchasing the company in 1960.