Coffee Republic plc ('Coffee Republic' or 'the Company'), the
independent coffee and deli bar operator, announces that agreement has
been reached with Ada Kahve Gida Sanayi ve Ticaret Limited Sirketi
('Ada') for the Coffee Republic Deli franchise rights for Turkey. The
agreement gives Ada the right to develop Coffee Republic delis and
recruit franchisees to operate Coffee Republic delis in Turkey.
Hakan Tangulu has 20 years of experience in the Turkish wholesale and
retail markets. He has set up Ada with Selma Hisarli to launch and
develop the Coffee Republic brand in Turkey.
Commenting, Hakan Tangulu of Ada, said:
'We are delighted to secure the franchise rights for the Coffee
Republic brand in Turkey at precisely the right time to introduce
Coffee Republic delis into the Turkish market. Even at this early
stage, we have identified a number of potential sites and anticipate
that our first site will be opened in Istanbul in early July. This site
will act as our flagship store and we anticipate it will be followed by
more sites in the near future.'
Commenting, Steven Bartlett, CEO, said:
'We are pleased to be partnering with Ada to develop Coffee Republic
Delis in Turkey. 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.'
