Cloetta Bundle

Who Owns Cloetta?
Understanding Cloetta's ownership is key to grasping its market strategy and accountability. A significant moment was its re-independence and listing on the Stockholm Stock Exchange in December 2008, post-legal disputes and a split from Cloetta Fazer.

Cloetta, a major confectionery firm, began in Denmark in 1862, later establishing its Swedish roots in Ljungsbro. Today, it's a significant player in the Nordic region, Netherlands, and Italy, with products reaching over 50 markets.
In 2024, Cloetta reported net sales of SEK 8.6 billion and an operating margin of 10.6%, employing around 2,600 colleagues globally. As of July 25, 2025, the company is publicly traded on Nasdaq Stockholm with a market capitalization of $956 million and 287 million shares outstanding. This public listing means ownership is distributed among various shareholders, including institutional investors and individual investors who buy shares on the open market. The company's history includes a pivotal re-independence in 2008, leading to its current public trading status, a structure that influences its governance and strategic decisions, much like how understanding a Cloetta BCG Matrix can inform product strategy.
Who Founded Cloetta?
The origins of the company trace back to 1862 when Swiss brothers Christoph, Nutin, and Bernard Cloëtta established a steam chocolate factory in Copenhagen, Denmark. This initial venture laid the groundwork for what would become a significant confectionery enterprise.
The company was founded by the Cloëtta family, Swiss brothers who initiated their chocolate manufacturing in Denmark. Their entrepreneurial spirit led to the establishment of the business.
In 1873, the business expanded its reach into Sweden with the establishment of a subsidiary in Malmö. This marked an important step in the company's early growth and geographical diversification.
While precise equity details from the inception are not publicly documented, the company remained under the Cloëtta family's stewardship for several decades. This familial control guided its initial development.
A pivotal moment in the company's history occurred in 1917 when majority control was acquired by the Svenfelt family. This acquisition shifted the ownership landscape significantly.
The Svenfelt family integrated the company into their holding entity, Svenska Chokladfabriks. This move represented a strategic consolidation of ownership and operations.
This acquisition by the Svenfelt family was a defining event, steering the company's trajectory and contributing to its establishment as a leading confectionery producer in Sweden. Understanding this early transition is key to grasping the Competitors Landscape of Cloetta.
The early ownership of the company was characterized by familial control, first by the founding Cloëtta brothers and later by the Svenfelt family following a significant acquisition in 1917. This transition marked a new era for the company, influencing its strategic direction and market position.
The initial phase of ownership was dominated by the founding Cloëtta family, who established the business in 1862. This period saw the foundational growth and expansion of the company's operations.
- Founding by Swiss brothers in 1862.
- Establishment of a Danish chocolate factory.
- Expansion into Sweden in 1873.
- Majority control acquired by the Svenfelt family in 1917.
- Integration into Svenska Chokladfabriks holding company.
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How Has Cloetta’s Ownership Changed Over Time?
Cloetta's ownership journey has seen significant shifts, notably the 2000 merger with Fazer Konfektyr and the subsequent 2008 demerger, which re-established Cloetta as an independent entity. These events reshaped its shareholder base from predominantly family control to a publicly traded company.
Event | Year | Impact on Ownership |
---|---|---|
Merger with Fazer Konfektyr | 2000 | Formation of Cloetta Fazer AB, shared ownership between Svenfelt-Trotzig family and Karl Fazer family. |
Demerger of Cloetta Fazer | 2008 | Cloetta became an independent company, leading to a public listing and diversified ownership. |
Listing on Stockholm Stock Exchange | 2008 | Transition to a public company with institutional and individual investors. |
Following its re-establishment as an independent entity and listing on the Stockholm Stock Exchange in late 2008, Cloetta's ownership structure evolved to include a broader range of investors. As of July 25, 2025, Cloetta AB is a public company traded on Nasdaq Stockholm under the ticker CLA B, boasting a market capitalization of $956 million and 287 million shares outstanding. This public status means that ownership is distributed among various entities, including institutional investors, mutual funds, and individual shareholders.
Major stakeholders in Cloetta AB are primarily institutional investors and investment management firms, alongside a continued presence from the founding family's interests.
- Nordea Investment Management AB holds 3.439% of equities, representing 9,727,571 shares.
- Avanza Pension Forsakring AB owns 1.809% of the shares, totaling 5,117,364 shares.
- Hjalmar Svenfelts Stiftelse, a foundation linked to the Svenfelt family, maintains a significant stake with 99.9% of certain equities, amounting to 5,729,569 shares.
- Individual family members, such as Camilla Svenfelt and Olof Svenfelt, also possess minor shareholdings.
The current major shareholders reflect a blend of institutional investment and enduring family influence, a testament to the company's Brief History of Cloetta. This diversification in Cloetta stock ownership indicates a transition from a predominantly family-controlled business to a publicly traded entity where institutional investors play a substantial role in Cloetta's company structure. Understanding these Cloetta shareholders is key to grasping the dynamics of Cloetta's corporate governance and its strategic direction.
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Who Sits on Cloetta’s Board?
As of February 20, 2025, the Board of Directors for Cloetta AB comprises seven members. The Nomination Committee has put forward all current directors for re-election, including Morten Falkenberg for Chairman of the Board.
Director | Proposed Role | Family Representation |
---|---|---|
Morten Falkenberg | Chairman of the Board | N/A |
Patrick Bergander | Director | N/A |
Malin Jennerholm | Director | N/A |
Pauline Lindwall | Director | N/A |
Alan McLean Raleigh | Director | N/A |
Camilla Svenfelt | Director | Svenfelt Family |
Mikael Svenfelt | Director | Svenfelt Family |
Cloetta AB's voting structure is primarily based on a one-share-one-vote system for its B-shares listed on Nasdaq Stockholm. The company's Articles of Association permit shareholders to cast votes via postal mail, in addition to attending the Annual General Meeting in person. While specific details regarding dual-class shares or golden shares are not publicly detailed, the substantial shareholdings by entities such as Hjalmar Svenfelts Stiftelse, which holds 99.9% of certain equities, indicate a significant concentration of voting power. The Mission, Vision & Core Values of Cloetta are also influenced by the company's governance structure.
Cloetta's long-term incentive plan aims to align management interests with shareholder value. This plan influences decision-making by tying rewards to company performance.
- The LTI 2025 plan covers up to 78 employees.
- Participants must hold personal shares in Cloetta.
- Performance share rights vary by participant category.
- This structure encourages a focus on increasing shareholder value.
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What Recent Changes Have Shaped Cloetta’s Ownership Landscape?
Over the past few years, Cloetta has undergone significant strategic shifts impacting its ownership and operational focus. These changes reflect a deliberate effort to streamline its business and enhance its market position.
Event | Date | Details |
---|---|---|
Divestment of Nutisal | May 2024 | Sold to The Monchy Food Company for $0.57 million, impacting Q2 2024 results with a non-cash impairment. |
Updated Strategic Priorities | March 2025 | Focus on 'Superbrands', expansion into Germany, UK, and North America, and operational enhancements. |
Organizational Restructuring | April 2025 | Planned reduction of up to 100 positions in Europe by year-end 2025, aiming for SEK 60-70 million in annual savings. |
CEO Change | September 2024 | Henri de Sauvage-Nolting departed; Katarina Tell appointed as new CEO. |
SVP Departure | April 2025 | Michiel Havermans, SVP Cloetta International, left the company. |
Shareholder Activity | Ongoing | Malfors Promotor, the main owner, has been actively purchasing shares, with a recent acquisition of SEK 6.9 million. |
Dividend Approval | 2024 | Approved a dividend of SEK 1.10 per share, payable on April 17, 2025. |
Cloetta's strategic direction is being shaped by a focus on profitable growth and operational efficiency, as outlined in its March 2025 announcement. This includes a commitment to its core brands, expansion into new markets, and a review of its organizational structure. The company is also navigating external market dynamics, such as the significant increase in cocoa prices, which has necessitated price adjustments for its chocolate products in Q2 2025. These developments are part of a broader strategy to enhance its Growth Strategy of Cloetta.
Cloetta is prioritizing its 'Superbrands' to drive growth. This involves concentrating marketing and innovation efforts on a select group of ten key brands.
The company is actively pursuing growth beyond its traditional markets. Key target regions for expansion include Germany, the United Kingdom, and North America.
To support its growth objectives, Cloetta is enhancing its operating model. This includes optimizing net revenue management and supply chain operations.
Recent leadership transitions and organizational restructuring are aimed at improving agility and cost-effectiveness. These changes are designed to align the company with its future strategic goals.
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- What is Brief History of Cloetta Company?
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- What are Mission Vision & Core Values of Cloetta Company?
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