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BBX Sweet Holdings Names Kevin Coen CEO of Las Olas Confections and Snacks

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FORT LAUDERDALE, FL -- (Marketwired) -- 12/05/16 -- BBX Sweet Holdings, a subsidiary of BBX Capital Corporation (NYSE: BBX) is pleased to announce that it has named Kevin Coen as CEO of its new division Las Olas Confections and Snacks. Coen joins the company having more than 30 years of experience in managing leading consumer and confectionary brands.

"We are pleased to welcome Kevin Coen, a seasoned industry executive, to our organization," commented Jarett Levan, President of BBX Capital. "His track record of innovation, building brands, developing business strategies, and creating value makes him an ideal fit as we continue to build our infrastructure, grow our current brands and expand and broaden our portfolio into the future."

Prior to joining Las Olas Confections and Snacks, Coen was President of The Popcorn Factory and Fannie May Brands, divisions of 1-800-Flowers. Prior to that he was CEO of Crabtree & Evelyn where he was responsible for the North American, European, Middle Eastern and African regions. He also served as Division President for Swarovski North America where he was responsible for the North American consumer goods division and led the U.S. market turnaround and expansion. Coen also served as Vice President of Retail for Lindt Chocolates where he developed Lindt's first retail store concept, significantly grew Lindt's U.S. retail presence to over 95 stores in 20 states, and was involved with the acquisition of the Ghirardelli Brand assisting on the integration of the retail business. Coen was also previously a member of the Chocolate Council of the National Confectioners Association.

Las Olas Confections and Snacks was established as a new division of BBX Sweet Holdings to manufacture, market and distribute the company's wholesale portfolio of chocolate and confectionary brands including Anastasia Confections, Droga Chocolates, Helen Grace Chocolates, Kencraft Candy, The Toffee Box, and Williams & Bennett. Las Olas Confections and Snacks operates two U.S. based SQF Certified manufacturing facilities, one in American Fork, Utah (just outside of Salt Lake City), and the other in Orlando, Florida. Las Olas Confections and Snacks produces a number of award winning products including Droga Chocolates' Money on Honey which recently won the 2016 Sofi Award from the Specialty Food Association at the Summer Fancy Food Show, and Anastasia Confections' Coconut Cashew Crunch which was the recipient of the 2016 Buyer's Choice Award for Best New Non-chocolate Confection at ECRM.

All Las Olas Confections and Snacks products are proudly made in the U.S.A. and can be found in grocery, convenience, mass merchandise, club and drug stores.

About Las Olas Confections and Snacks

Based in Fort Lauderdale, Florida, Las Olas Confections and Snacks, a division of BBX Sweet Holdings, manufactures and distributes chocolates, candies, snacks and other confectionary products. The Las Olas Confections and Snacks portfolio of brands includes Anastasia Confections, Droga Chocolates, Helen Grace Chocolates, Kencraft Candy, The Toffee Box and Williams & Bennett. Las Olas Confections and Snacks operates two SQF Certified manufacturing facilities in American Fork, Utah (just outside of Salt Lake City), and Orlando, Florida. All Las Olas Confections and Snacks products are proudly made in the U.S.A. and can be found in grocery, convenience, mass merchandise, club and drug stores. BBX Sweet Holdings is a subsidiary of BBX Capital (NYSE: BBX).

About BBX Capital Corporation:

BBX Capital (NYSE: BBX) is involved in the acquisition, ownership and management of joint ventures and investments in real estate and real estate development projects, as well as acquisitions, investments and management of middle market operating businesses. In addition, BBX Capital and its controlling shareholder, BFC Financial Corporation, have a 46% and 54% respective ownership interest in Bluegreen Corporation. As a result of their ownership interests, BBX Capital and BFC together own 100% of Bluegreen. As of September 30, 2016, BBX Capital had total consolidated assets of $407.2 million, shareholders' equity attributable to BBX Capital of $356.1 million, and total consolidated equity of $358.0 million. BBX Capital's book value per share at September 30, 2016 was $21.43. For more information, visit www.BBXCapital.com.

About BFC Financial Corporation :

BFC (OTCQB: BFCF)(OTCQB: BFCFB) is a holding company whose principal holdings include an 82% ownership interest in BBX Capital Corporation (NYSE: BBX) and its indirect ownership interest in Bluegreen Corporation. BFC owns a 54% equity interest in Woodbridge, the parent company of Bluegreen. BBX Capital owns the remaining 46% equity interest in Woodbridge. As of September 30, 2016, BFC had total consolidated assets of $1.4 billion, shareholders' equity attributable to BFC of $400.6 million, and total consolidated equity of $508.7 million. BFC's book value per share at September 30, 2016 was $4.70. For more information, visit www.BFCFinancial.com.

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Email: aimee@kiphuntermarketing.com, jodi@kiphuntermarketing.com

Source: BBX Capital Corporation