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Franchise News - Article
19.09.2009
Coffee Republic taken over by property firm Arab Investment Ltd.
Coffee Republic announced last month that it has been bought out of administration by Arab Investment Ltd. The new company, Coffee Republic Trading Ltd, commenced trading on 29th July 2009.
According to the information provided, Arab Investments intends to commit substantial capital into developing the Coffee Republic brand and will be embarking on further expansion of the branch network which currently includes 80 outlets, of which 20 are outside the UK, including Bulgaria and Saudi Arabia.
Khalid Affara of Arab Investments, said: “We are delighted to have completed the acquisition of Coffee Republic today and we intend to start growing the business with immediate effect. Coffee Republic has a very strong brand name and we are bringing additional investment into the company to expand the number of retail outlets in the UK and elsewhere.” (kbp)
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