Deals and IPOs

Lindt CEO Considering Buying Godiva: Report


Swiss chocolate maker Lindt & Spruengli is considering buying Campbell Soup's Godiva Chocolatier brand, its chief executive told the Financial Times Deutschland newspaper.

"It is my duty towards the shareholders to analyze every potential acquisition," Chief Executive Ernst Tanner was quoted as saying in an interview published on Tuesday.

"It is a question of whether an acquisition would bring Lindt closer to its aim of becoming an even bigger global producer of premium chocolate," he added.

"We have to do this in the case of Godiva as well. Then we will make a decision," the CEO said.

Campbell said in August it was exploring alternatives for Godiva, including a sale, saying the premium chocolate business did not fit with its focus on simple meals.

Godiva, originally a Belgian chocolatier, could attract a price of more than $1 billion, analysts say. It has annual sales of about $500 million, while Lindt had 2006 sales of 2.6 billion Swiss francs.

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