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.