News
FOOD SERVICES | Staff Reporter, Korea
view(s)

Caffe Bene files for court-led restructuring

The legal move follows a protracted slump and mounting losses, the company said.

According to Yonhap, the court will soon decide whether to put the ailing coffee chain under its receivership or on path to liquidation.

Launched in 2008, Caffe Bene expanded to become one of the country's largest coffee franchises, opening more than 1,000 stores in five years, but lost ground in the saturated coffee market.

Photo credit: NextInsight

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.