Macy’s sells chocolate brand

Macy’s is exiting the chocolate business.



The department store retailer is selling its Frango chocolate brand to Garrett Brands, owner of Garrett Popcorn Shops, for an undisclosed amount.



Macy’s had inherited Frango, whose roots date back to 1918, from Marshall Field & Co., which was acquired by Macy’s in 2005.



Garrett Brands said it plans to develop, create, sell and distribute Frango products. Macy’s will continue to sell Frango products in the Frango Café at Macy’s State Street store in Chicago, at more than 350 Macy’s store locations in the United States, and online at macys.com.



“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.”