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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.
Swiss chocolate maker Lindt & Spruengli said it was on track for organic sales growth of 5-7% in 2019 after an improving situation in the United States supported profit and sales growth in the ...
More likely than not, you grew up with Dum Dums lollipops. The small, colorful sweets were probably always on display at the front desk of your doctor's office.
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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In 1998, Lindt and Sprüngli, from Switzerland, acquired Ghirardelli Chocolate Company as a wholly owned subsidiary of its holding company. [ 2 ] In 2015, an independent laboratory tested 127 chocolate products for lead and cadmium, and found that 96 of them contained lead and/or cadmium above the safety threshold defined by California's ...