Sharapova To Expand Her Candy Line To Include Chocolates


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Copyright © 2016. No duplication is permitted without permission from Bob Larson Tennis.

Maria Sharapova Sugarpova Tennis News

 

As she digests her 18th straight loss to Serena Williams which sent her out of the Australian Open quarter-finals, Maria Sharapova at least can turn to solace in her business career, a sideline which – along with a string of blue-ribbon endorsements – makes her the highest-paid woman in all of sport.

The 28-year-old’s Sugarpova candy company is moving from strength to strength, with plans to launch a chocolate line in the next few months. The Russian began the company in 2012 by tossing in $500,000 as seed money.

The company, which is managed professionally with Sharapova in on all key decisions, is said to have been working for more than a year to find the proper sourcing for what will be a high-end and expensive product to go along with the popular gummy candies already in the product lineup.

The hope is to treble sales to $20 million per annum at a premium $5 per bag in a sweets market worth an estimated $28 billion per year.

“We’re building for when her career is over,” the player’s manager Max Eisenbud told Forbes at the Australian Open. “The plan is to turn Sugarpova into a lifestyle brand,” which may also sell home goods, sleep and loungewear.”

Sugarpova has had major marketing success with pop-up shops at several grand slam cities, with Sharapova making personal appearance and building the brand as part of the effort which sold a reported 15 million bags of candy in 2015. Officials expect chocolate Sugarpova to hit the market prior to the French Open start in May.

Copyright © 2016. No duplication is permitted without permission from Bob Larson Tennis.