The Indian cafe network Cafe Coffee Day announced the acquisition of the Czech coffee house chain Cafe Emporio. Cafe Emporio has 11 units in the Czech Republic: seven of them in Prague, two in Hate near Znojmo and one each in Brno and Olomouc. All of them will be fully rebranded as Cafe Coffee Day within 18 months. The value of the transaction was €2.6m.
Cafe Coffee Day explained to the Financial Express that the company wants to create a footprint in Central and Eastern Europe, and is especially interested in growth through acquisition in those regions.
Accordingly, it is currently considering several acquisition options.
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