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rabot
[ rab-uht ]
noun
- a hardwood block used for rubbing marble before polishing.
Word History and Origins
Origin of rabot1
Example Sentences
The Hotel Chocolat group already owns 47% of Rabot, while Mr Gerrie, who is also the group's non-executive chairman, owns 40.5%.
"The group is well placed to leverage the value of the Rabot inventory and to further develop the brand's intellectual property, which includes a range of high-quality beauty products which have attracted multiple awards and favourable customer reviews," Hotel Chocolat said.
The firm paid just £4 to take full control of Rabot 1745, which it set up five years ago in partnership with businessman Andrew Gerrie.
Rabot lost £400,000 last year but Hotel Chocolat says it can turn it around.
After it buys his stake in Rabot, Hotel Chocolat will pay back a £744,000 loan that Mr Gerrie provided to the beauty business.
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