Former Starbucks CEO Howard Schultz has purchased a 2% stake in ethical chocolate maker Tony’s Chocolonely.

Tony’s Chocolonely has experienced significant growth in the US, with sales increasing fourfold since 2020.

To support rising demand, Tony’s Chocolonely is expanding its production with a new facility in Chicago.

The company's mission is to eradicate exploitation in the chocolate industry by promoting fair trade and equitable treatment for cocoa farmers and workers.

As one of the world's fastest-growing chocolate brands, Tony’s Chocolonely is extending its market reach and urging partners to commit to responsible sourcing.