The Longreach Group sees the potential to expand into high growth Asian markets.
In a statement, Longreach said it considers the deal to be an exciting investment opportunity with a clear business growth path in the premium coffee business in Japan, with the potential to expand into high growth Asian markets. Longreach also will accelerate Kohikan’s growth through enhancement of the stores’ format and via new store expansion.
The investment reflects a Longreach core investment focus on acquiring and adding value to high potential companies in the specialty consumer business sector.
The agreement with UFS to purchase 100% of Kohikan will be completed on May 1, 2018.
Kohikan is a full service coffee shop chain established in 1970, operating 277 stores all over Japan under the brand of “Kohikan”, “Café di Espresso Kohikan”.
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