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| Chocolate Photo by Heather Barnes on Unsplash |
A California executive with an extensive background in healthy and functional beverages, Scott LaPorta until recently guided GT’s Living Foods as chief commercial and strategy officer. In November 2019, Scott LaPorta departed his leadership position with the kombucha maker to accept responsibilities as the CEO of Sugarfina USA, LLC, a chain luxury candy store.
This move coincided with the Bristol Luxury Group’s announcement of the acquisition of substantially all of Sugarfina, Inc., and its affiliates’ assets as part of a fast-unfolding bankruptcy process that took less than two months to complete.
The U.S. Bankruptcy Court for the District of Delaware approved the transaction, which was spearheaded by the majority owners of Bristol, Paul L. Kessler and Diana Derycz-Kessler. In addition, Mr. LaPorta and Barlock Capital joined the Kesslers as co-investors.
As Scott LaPorta described it, going forward it will involve expanding distribution via a dynamic omni-channel strategy that will provide consumers with a “sweet luxury experience.” The candy brand already has gateway locations spanning Canada, Hong Kong, and the United States, as well as a presence in shop-in-shops at department stores and a strong e-commerce business.
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