Announced
Financials
Sources
Tags
United Kingdom
Majority
Restaurants and Bars
Acquisition
coffee shops
Private
Private Equity
Pending
Single Bidder
Friendly
Synopsis
Caffe Nero, a British European style coffee house, agreed to acquire a majority stake in Coffee#1, a British coffee house chain that originated in Cardiff, from SA Brain, a regional brewery founded in 1882 in Cardiff. Financial terms were not disclosed. Caffè Nero Group said its majority stake acquisition supported its strategy of opening a "new store somewhere in the world every four days."
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