Malley’s Chocolates sells a portion of company, plans to expand to new markets

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A sweet deal for iconic Malley's Chocolates.

Clevelanders don’t need to panic though, you’ll still be able to get your chocolate fix for years to come as will others across the country because the move means Malley’s will be expanding.

Mike Malley is the CEO of the chocolate business. His grandfather opened the first shop back in 1935 and at first, it was mostly a deli. The beloved chocolatiers made a big announcement Tuesday. Malley’s sold a portion of their company to Chicago-based Promise Holdings LLC. Mike Malley and his three other siblings are still the largest shareholders. As far as where Malley’s will open a physical location and next, that’s still up in the air.

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