CCD acquires Czech Republic café chain

    CCD acquires Czech Republic café chain

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    (CCD), part of India’s largest integrated coffee conglomerate, Amalgamated Bean , has announced the acquisition of a café chain – Café Emporio. The deal is valued at Rs 15 crore.

    The acquisition represents Café Coffee Day’s intention to increase its international presence, especially in the Central and Eastern European regions.

    “We believe large investments in the last 7-8 years in Central and Eastern Europe, together with the birth of a strong new private sector, has had a positive impact on making East European countries attractive emerging economies,” said , president, International Business, Café Coffee Day.

    Café Emporio has 11 cafés in Czech Republic including seven in Prague and one each in Brno and Olomouc.

    Café Emporio cafés will soon be co-branded as ‘Café Coffee Day-Emporio’ and will look towards transitioning to Café Coffee Day over a period of 18 months.

    – IndiaRetailing Bureau