21 January 2008Coffee Republic signs International Master Franchise for Kuwait
Coffee Republic Plc ('Coffee Republic' or 'the Company'), the independent coffee
and deli bar operator, announces that an agreement has been reached with the
Aquila Food Company ('Aquila') for the granting of Coffee Republic Deli
franchise rights for Kuwait. The agreement provides Aquila with the right to
develop Coffee Republic delis and to recruit franchisees to operate Coffee
Republic delis in Kuwait.
Aquila is a wholly owned subsidiary of Jassim Al-Sayegh Sons & Co. a substantial
Kuwait based company and has been established solely for the purpose of opening
Coffee Republic franchises in Kuwait. It will be headed up by Mohammad J Al-
Sayegh. Aquila has agreed to roll out a minimum of fourteen units over the next
five years.
Commenting, Steven Bartlett, CEO, said:
'We are pleased to be partnering Aquila to develop Coffee Republic delis in
Kuwait. They have the necessary skills and expertise to make a success of the
Coffee Republic brand there.
This brings to nine the total number of countries under international franchise
agreements. Discussions are in hand with counterparties seeking rights in other
countries which may lead to further agreements.'
