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05/22/2017

Candy retailer in deal to expand footprint

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Lolli & Pops has entered into a partnership to grow its store portfolio.


The retailer, which specializes in high-end sweets and confectionary treats, is teaming up with retail real estate company GGP Inc. to open 30 new locations.



“Our regional shopping centers are the heartbeat of the community, and curation is a fundamental strategy,” said Sandeep Mathrani, CEO of GGP, which owns and operates 127 retail properties in 40 states. “We’ve embraced working with Lolli & Pops because their philosophy coincides with our mission to provide a fun environment of search and delight.”



“The true power of brick-and-mortar retail is the ability to enrich products with emotional and physical context,” said Sid Gupta, CEO of Lolli & Pops. “At Lolli & Pops, our elevated in-store experience has been a key factor to our rapid growth, and we are excited to partner with GGP and play an integral role in their efforts to reinvent today’s shopping centers.”



Lolli & Pops Launched in 2012, Lolli & Pops currently operates 38 locations and enjoys a loyal customer base. Each store is designed to immerse customers in the emotional potential of the products on display. The retailer sells sweets and gifts from around the world.



The true power of brick-and-mortar retail is the ability to enrich products with emotional and physical context,” said Sid Gupta, CEO of Lolli & Pops, San Francisco. “At Lolli & Pops, our elevated in-store experience has been a key factor to our rapid growth, and we are excited to partner with GGP and play an integral role in their efforts to reinvent today’s shopping centers.”