Coffee Republic plc Announcement of Two Major Deals
Posted on: 24/07/2007
Coffee Republic plc (Coffee Republic or the Company), the independent coffee and deli bar operator, announces that agreements have been reached with CR Coffee Houses Limited (“CR Coffee Houses”) for the Master Franchise Agreement (“MFA”) for Northern Ireland and Eire and with East Coast Traders Ltd (“East Coast Traders”) for the UK Regional Development Franchise (“RDF”) for the territory of East Anglia. The RDF covers the counties of; Norfolk, Suffolk, Essex, Cambridgeshire and Bedfordshire and the Unitary Authorities of Luton and Peterborough.
IRELAND AND EIRE
Robert Mooney and Siobhan Mooney of the Mooney Hotel Group are taking the Master Franchise Agreement as a new venture drawing on their experience in the Irish service sector. They are looking to open their first outlet in the Abbeycentre Belfast in the coming weeks.
Robert Mooney said:
"We are delighted to bring the quality international brand 'Coffee Republic' to the Irish consumer. With continuing economic growth and leisure expenditure, the Irish market and Coffee Republic will make for a perfect blend."
EAST ANGLIA
The directors of East Coast Traders, Sean and Helen Gordon, have extensive nationwide experience working in the retail, catering and licensing sectors for a variety of leading national brands.
Commenting, Steven Bartlett, CEO of Coffee Republic, said:
“Ireland is a crucial market for Coffee Republic and we look forward to introducing the Coffee Republic brand in this dynamic economy. We are sure that this is a precursor to an exciting period of global expansion”
East Anglia is also an important area for the Company’s planned expansion. This area is experiencing the most rapid population growth in the country as well exhibiting a consistently strong economic performance. We are therefore very pleased to be announcing this RDF and are looking forward to a growing presence in the region.”
Commenting, Sean Gordon said:
“We are very excited to be working with such a progressive brand and are very keen to be a partner in the continued success and expansion of Coffee Republic.”
For further information:
Coffee Republic
Steven Bartlett 020 7033 0600
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