Lotus Bakeries is committing at least €500m to increase production of its caramelised Biscoff biscuits and spread across three continents by 2030. (Image: Getty/vasantytf)Speculoos is a thin, crisp, caramelised biscuit originating in Belgium and the wider Low Countries. Lotus Bakeries’ version arrived in 1932, when founder Jan Boone Senior created his caramelised biscuit in Lembeke, East Flanders. Made using crushed caramelised biscuits, Biscoff spread could be used at breakfast, incorporated into baking or spooned into desserts. (Image: Content Studio UK)he partnership has expanded rapidly since Lotus Bakeries and Mondelēz announced their strategic agreement in June 2024.