International franchise deal for Coffee Republic
Friday, March 16, 2007
Coffee Republic plc, the independent coffee and deli bar operator, has reached an agreement with Ada Kahve Gida Sanayi ve Ticaret Limited Sirketi (Ada) for the Coffee Republic Deli franchise rights for Turkey.
The company said the agreement gave Ada the right to develop Coffee Republic delis and recruit franchisees to operate Coffee Republic delis in Turkey.
Steven Bartlett, chief executive of Coffee Republic, commented: Ada have demonstrated the depth of their retail knowledge and understanding of the Turkish market to us and we are confident that they will make a success of the Coffee Republic brand in Turkey.
“We have now completed two international franchise deals and continue to be impressed with the level of franchise interest for both domestic and international franchises. Accordingly, we anticipate further announcements over the coming months.”
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