What type of business is Divine Chocolate?

What type of business is Divine Chocolate?

farmer-owned chocolate company
Divine Chocolate is a global, farmer-owned chocolate company. We use the amazing power of chocolate to delight and engage. In the early 1990s, structural changes in the cocoa market in Ghana prompted Nana Frimpong Abebrese to begin creating a farmer-owned company to help farmers sell their own cocoa.

Who owns Divine Chocolate?

Ludwig Weinrich GmbH & Co. KG
Divine Chocolate/Parent organizations
Ghanaian cooperative Kuapa Kokoo maintains a 20% share in the company. German company Ludwig Weinrich is the new majority shareholder of Divine Chocolate.

How does Divine Chocolate make money?

Kuapa Kokoo owns a share of Divine Chocolate and receives several income streams from their chocolate company. The first is the income from their cocoa bought at the guaranteed minimum Fairtrade price of $2000 per tonne ($2400 from October 2019), which protects the farmers from the volatility of the market.

Why is Divine Chocolate successful?

Divine scores especially highly due to its Fairtrade and farmer-owned business model which sees 85,000 cocoa farmers in Ghana benefiting from four income streams, with the power to invest in their own farms, families, communities and business, creating a sustainable future for them and for their crops.

How much is Divine Chocolate worth?

Divine Chocolate is a £14.8m ($18.7m) international company based in the UK and US, and 44% owned by the Kuapa Kokoo farmers’ co-operative in Ghana. The Community portion of the B Impact Assessment evaluates a company’s supplier relations, diversity, and involvement in the community it serves.

Is Divine Chocolate high quality?

With an 83 ECI, Divine is recommended by The Good Shopping Guide as a safe and ethical choice. For more information, head over to the updated chocolate rankings and see why Divine is so highly rated. You can also purchase their products here.

How many employees does Divine Chocolate have?

Divine Chocolate has approximately 22 U.K. employees and 12 U.S. employees. Noted for its distinctive ownership model, Divine Chocolate, which began selling its chocolate bars within the U.K. market, today has global sales.

How ethical is Divine Chocolate?

In terms of overall ethical rating, Divine recently scored a high ranking 83 on the ethical index.

How has the ownership of Divine Chocolate changed?

Divine Chocolate Ltd (UK) has acquired the 69% of Divine Chocolate Inc (USA) that was in other ownership, through a mutually agreed share swap, resulting in Divine Chocolate Ltd owning 100% of Divine Chocolate Inc., whilst bringing in some minority shareholdings to Divine UK.

How many people are employed in the chocolate industry?

There are 43,017 people employed in the Chocolate Production industry in the US as of 2021. What is employment growth in the Chocolate Production industry in the US in 2021? The number of people employed in the Chocolate Production industry in the US declined -1.6% on average over the five years between 2016 and 2021.

Is Divine Chocolate sustainable?

Being 100% Fairtrade-certified lets everyone know all our products are delivering a fairer income to farmers, and our unique farmer-owned model has been acclaimed as a radical move towards a different, more equitable kind of business.