Coffee Republic plc ('Coffee Republic' or 'the Company'), the independent coffee
and deli bar operator, announces that agreement has been reached with Krruss
Holdings S.R.L. ('Krruss Holdings') for the Coffee Republic Deli franchise
rights for Romania. The agreement gives Krruss Holdings the right to develop
Coffee Republic delis and recruit franchisees to operate Coffee Republic delis
in Romania.
The CEO of Krruss Holdings, Salim Thava, has extensive retail and property
interests in Romania.
Commenting, Salim Thava of Krruss Holdings, said:
'We are very excited to have the opportunity to introduce the Coffee Republic
Deli format to Romania (population 23 million). Having just joined the EU in
January 2007, we believe that the stage is set for a brand such as Coffee
Republic to capitalise on the expected economic growth.'
Commenting, Steven Bartlett, CEO, said:
'We are extremely pleased to announce the International Franchise Agreement for
Romania. Salim Thava has vast experience in the Romanian retail sector and has
exciting plans for the growth of the Coffee Republic brand in Romania.
We have now completed three international franchise deals and are at an advanced stage of discussions with further territories.'
