6 days ago
Storied French Cocoa Trader Touton Is Said to Be Put Up for Sale
A French trader of cocoa, coffee and spices, with origins dating back to 1848, has been put up for sale after profit jumped more than 1,000%, according to people with knowledge of the plan.
Touton SA, based in Bordeaux, has hired Dutch bank ING Groep NV to lead the process, the people said, asking not to be identified because the information is private. The move comes after the trader benefited from a historic rally in cocoa, with prices almost tripling last year after surging more than 60% in 2023.
