Whittard of Chelsea

Whittard of Chelsea
Industry Speciality Tea & Coffee
Founded 1886
Founder Walter Whittard
Headquarters Witney, Oxfordshire
Number of locations
 78
Area served
 International
Products Tea, Coffee, Ceramic, Chocolate
Owner EPIC[1]
Number of employees
 942
Website www.whittard.co.uk

Whittard of Chelsea, is an international retailer of coffee, tea and various items that are used for the consumption of hot drinks. Instant tea, hot chocolate, china and confectionery are also amongst their leading products.

The company was founded in 1886 by Walter Whittard. It expanded in the 1980s and 1990s, and was bought by the Icelandic Baugur Group in 2005 for around £21 million. After Iceland's financial collapse in 2008, the company was placed into administration before being sold to the private equity firm EPIC for an undisclosed amount in December 2008.

Whittards has some 77 retail stores across the United Kingdom, as well as international stores in various countries.

History

The company was founded in 1886 by Walter Whittard, a merchant from London.[2] Originally the company only sold tea, however within a few years it had diversified. The company expanded in the 1980s and 1990s in the UK and abroad. The investment company Baugur Group of Iceland bought Whittard of Chelsea in 2005 for about £21m. In the year to the end of March 2007, Whittard reported a loss of £3.2m. Baugur was hit hard by Iceland's financial collapse in 2008, and placed the company into administration with Ernst & Young. It was sold to the private equity firm EPIC for an undisclosed amount on 23 December 2008.[3]

Operations

Whittards on Lands Lane in Leeds

The company has 54 retail stores across the United Kingdom, employing 950 people, and provides international sales through its transactional website. The company has international stores in countries including Abu Dhabi, Australia, Chile, Cyprus, Dubai, Kuwait, Singapore, South Africa, Thailand, Poland, China, and Romania.

References

  1. ↑ EPIC Portfolio
  2. ↑ History section of company website
  3. ↑ "Whittard sold to private equity". BBC News. 23 December 2008. Retrieved 31 December 2014.
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