1. Illy buys Prestat Italy’s Illy Group will buy Buckingham Palace’s chocolate truffle supplier Prestat. The Illy family, owner of one of Italy’s most renowned coffee brands, illycaffè, has diversified into premium chocolate, tea and wine brands. The value of the deal was not disclosed. The chocolate maker was founded in 1902 by pastry chef Louis Dufour, who created the first chocolate truffles in 1895. Prestat posted revenues of £7m last year. The UK chocolatier is said to be the inspiration for Roald Dahl’s book Charlie and the Chocolate Factory.

2. Fresh plans Architectural Digest, the Condé Nast magazine known for its design authority and access to celebrity homes, is launching a business-to-business digital offering for architects, decorators and contractors as the publisher moves to cater to professionals in a bid to grow revenue. The members-only platform, which will launch in April and be called AD Pro, will cost $240 a year or $25 a month...

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