Macy’s sells Frango chocolate brand to Garrett’s Popcorn

FILE - In this Sept. 9, 2006, file photo, a box of Marshall Field’s Frango mints sits on display as customers line up to buy them at the Macy’s State Street store in Chicago. Chicago’s famous Frango chocolate brand is being sold to the city most famous popcorn company. Department store chain Macy’s Inc. announced Monday, Jan. 30, 2017, that it’s selling Frango mints to Chicago-based Garrett Brands, that owns Garrett Popcorn Shops. The companies didn’t disclose the price. (AP Photo/Brian Kersey, File)

FILE - In this Sept. 9, 2006, file photo, a box of Marshall Field’s Frango mints sits on display as customers line up to buy them at the Macy’s State Street store in Chicago. Chicago’s famous Frango chocolate brand is being sold to the city most famous popcorn company. Department store chain Macy’s Inc. announced Monday, Jan. 30, 2017, that it’s selling Frango mints to Chicago-based Garrett Brands, that owns Garrett Popcorn Shops. The companies didn’t disclose the price. (AP Photo/Brian Kersey, File)
Business
By Kara Driscoll
Jan 30, 2017
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Garrett Brands, owner of Garrett Popcorn Shops, will acquire a premium chocolate brand owned by Macy’s.

Garrett has entered into an agreement with the major retailer to acquire Frango, a brand of high-quality chocolate products. The popcorn shop owner said it will develop, create, sell and distribute Frango products consistent with the brand’s legacy.

» RELATED: Macy’s to close 68 stores

“Frango is a perfect fit for our company’s portfolio, aligning well with our strategy to preserve and grow iconic brands that have historic franchise value with a unique and storied past,” said Lance Chody, owner and CEO of Garrett Brands. “This is an exciting opportunity to expand the reach and offerings of the delicious Frango confections consumers know and love to more people in more places, just as we have done with our other brands.”

» RELATED: 5 retailers closing Ohio stores in 2017

Macy’s, Inc. will continue to sell Frango products in the Frango Café at Macy’s State Street store in Chicago, at its other locations and online.

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The sale comes shortly after Macy’s announcement to close 68 stores in the coming months, including three locations in Ohio. The retailer is eliminating more than 10,000 jobs.

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About the Author

Kara Driscoll