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Cooks Global Foods buys back Chinese coffee rights

Cooks Global Foods (NZX:CGF), which owns most of the global rights to Esquires Coffee House, has signed on to have another go at the fastest-growing coffee market in the world.

Auckland-based Cooks has signed an agreement – conditional on Chinese government approval – to buy back the business from Beijing Esquires Management Co (Esquires China).

This is the master franchise for the 10 Esquires Coffee stores and six sub-franchises in China. Two more stores are set to open this month.

 

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