The Groucho Club in Soho, London is at the centre of a chocolate battle.

Benjamin Fry, scion of the Turkish Delight company, has written to selected shareholders offering them two shares in his Zoo Hotels for every Groucho share.

The bid has forced Joel Cadbury, son of chocolate heir Peter, into the open. He has been discussing a £12m cash bid for the club.

The Sunday Telegraph 11/03/01 page 6 (Business)

The Observer 11/03/01 page 2 (Business)