Franchise Agreement
June 01 2007 - 3:01AM
UK Regulatory
RNS Number:5850X
Coffee Republic PLC
01 June 2007
Coffee Republic PLC
1 June 2007
Coffee Republic plc
Regional Development Agreement & Greene King PLC Agreement
Regional Development Agreement
Coffee Republic plc ("Coffee Republic" or "the Company"), the independent coffee
and deli bar operator, announces that an agreement has been reached with CRSE
Ltd (CRSE) for the UK Regional Development Franchise ('RDF') for the territory
of Surrey.
CRSE presently hold the Regional Development Franchise for Kent and Sussex, the
addition of Surrey to their territory marks a strategic expansion brought on by
high levels of demand from prospective franchisees.
Commenting, Steven Bartlett, CEO, said:
"Since we have been working with CRSE, they have proved to be extremely
energetic and capable RDF partners. I am very excited that they have decided to
take a second territory as it shows that, with the right business partners, we
are creating a rapid expansion of the Coffee Republic brand across the country."
Commenting, Joe Mair, Managing Director of CRSE, said:
"Adding Surrey to our RDF area gives us an even greater opportunity to expand
the Coffee Republic brand."
Greene King PLC Agreement
Coffee Republic also announces the launch of their latest venture, "Coffee
Republic Served Here". Greene King PLC (Greene King) will be Coffee Republic's
first partner in this venture. Greene King is a national pub chain which has
approximately 2500 sites. After a successful trial, "Coffee Republic Served
Here" is being rolled out to 28 of their London sites, with a view to extend the
partnership in the future. The concept allows businesses to install the fabulous
"Coffee Republic Served Here" offering within their own locations.
For further information:
Coffee Republic
Steven Bartlett 020 7033 0600
CRSE
Joe Mair 01474 703290
Website: www.coffeerepublic.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
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