Bubs was a cult favorite Swedish candy with steadily growing sales and a small international business when its founders, the Lindström family, sold it to Norwegian CPG giant Orkla in 2023. Neither had any idea that, in a year, a Swedish candy craze would sweep the US. One weekend in January 2024, an influencer’s viral TikTok chronicling her visit to New York City chain BonBon to get Swedish sweets, including Bubs’s dual-flavored marshmallow-gummy hybrid candies, kickstarted a stateside consumer obsession that sent lines snaking, sales soaring, and new candy stores opening to capitalize. Soon, a global Bubs shortage ensued: retailers, distributors, and consumers were calling nonstop, and the candies were even being sold on the gray market, Niclas Arnelin, who was Bubs’s CEO before its sale and has since shifted to lead its international expansion, told Retail Brew. “As a company, you need to ask yourself, ‘Is this hype [lasting for] two weeks, or is it two months? Or is it two years?’ We had no clue,” he said. Fast forward two years, and with expansion into 35,000 US retail locations to show for it, it’s clear the Bubs bonanza is still quite sticky. Keep reading here.—EC |