SOURCE: Hoffman's Chocolates

Hoffman's Chocolates

January 15, 2015 17:19 ET

Hoffman's Chocolates Names Chuck Mohr as New President

FORT LAUDERDALE, FL--(Marketwired - January 15, 2015) - Hoffman's Chocolates is pleased to announce that it has named Chuck Mohr as the new President of the company. It's the first time in Hoffman's 40-year history that the company will be run by someone other than a member of the Hoffman's family. Mr. Mohr will be responsible for overseeing and managing all of Hoffman's retail outlets and online sales, as well as spearheading the chocolatier's ongoing expansion. Mr. Mohr is succeeding Fred Meltzer, son-in-law of founder Paul Hoffman, who retired on December 31, 2014 after serving as President of the company for 18 years. Sandra Hoffman will continue in her role as Executive Vice President of the company.

An accomplished business and community leader, Mr. Mohr brings over 30 years of leadership and retail management experience to Hoffman's Chocolates. Prior to joining Hoffman's Chocolates, he served as Senior Vice President - Corporate Relationship Officer for BB&T where he was responsible for developing and expanding Broward's corporate client relationships. Prior to that, he served as the Retail Banking President for BankAtlantic where he managed 110 retail branches for one of the largest regional community banks in Florida. He is a third generation native of South Florida. 

With his deep roots and commitment to South Florida, Mr. Mohr is a distinguished business and community leader, having served on regional chamber and non-profit boards, including the boards of Greater Fort Lauderdale Chamber of Commerce, The Greater Fort Lauderdale Alliance and the Broward Partnership for the Homeless. Most recently, he served as the 2013 Chairman of the Board of the Greater Fort Lauderdale Chamber of Commerce, advocating on behalf of its 1,200 member businesses throughout South Florida.

"We are thrilled to welcome back Chuck Mohr to our group of companies, an accomplished executive, to lead Hoffman's Chocolates into the future," commented Jarett Levan, President of BBX Capital (NYSE: BBX), parent company of Hoffman's Chocolates. "We are confident that Chuck will help grow Hoffman's Chocolates with tremendous passion, leadership and commitment to the community."

Hoffman's Chocolates recently opened its first store in Broward County on Las Olas Boulevard in Fort Lauderdale, has five stores in Palm Beach and Stuart, a Pop-Up Store at Park Sheridan Plaza in Hollywood and Seasonal Kiosks at the Westfield Broward Mall in Plantation, The Galleria Mall and the Coral Square Mall in Coral Springs. Another Broward County Hoffman's Chocolates store is scheduled to open in The Fountains Shopping Center in Plantation during the first quarter of 2015.

About Hoffman's Chocolates
Headquartered in Greenacres, Florida, Hoffman's Chocolates, a subsidiary of BBX Sweet Holdings, is a manufacturer of gourmet chocolates, with several retail locations throughout South Florida. The tradition of legendary chocolates began almost 40 years ago in a small chocolate shop in Lake Worth with a commitment to use the finest and freshest ingredients from around the world. The Hoffman's Chocolate Factory in Greenacres is a popular tourist destination where guests from all over the world are greeted by the aroma of slow-simmering chocolate and caramel and watch the art of candy making first hand at its observation windows. The company is notable for its elaborate December holiday displays, including the Hoffman's Winter Wonderland, and products such as gift baskets and chocolate covered pretzels. Other extraordinary creations include the "Snoodle" and "Pecan Caramel Jitterbugs." 

Hoffman's Chocolates product lines include over 70 varieties of confections (all hand made using time honored traditions of candy making). Hoffman's Chocolates are available via its retail store locations, thru online distribution channels and by direct shipping throughout the U.S. It has been a favorite local brand for residents throughout Florida. For more information, please visit BBX Sweet Holdings is a 100% owned subsidiary of BBX Capital (NYSE: BBX).

About BBX Capital Corporation:
BBX Capital (NYSE: BBX) is involved in the acquisition, ownership, management, joint ventures and investments in real estate and real estate development projects, as well as acquisitions, investments and management of middle market operating businesses. In addition, BBX Capital and its holding company, BFC Financial Corporation (OTCQB: BFCF), have a 46% and 54% respective ownership interest in Bluegreen Corporation. As a result of their ownership interests, BBX and BFC own 100% of Bluegreen. Bluegreen manages, markets and sells the Bluegreen Vacation Club, a flexible, points-based, deeded vacation ownership plan with more than 180,000 owners, over 60 owned or managed resorts, and access to more than 4,000 resorts worldwide.

As of September 30, 2014, BBX Capital had total consolidated assets of $382.1 million, shareholders' equity attributable to BBX Capital of approximately $309.7 million, and total consolidated equity of approximately $311.0 million. BBX Capital's book value per share at September 30, 2014 was $19.15.

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