Poland’s AmRest acquires Starbucks franchise in Bulgaria, Romania
Polish restaurant operator AmRest Holdings has announced that it agreed to acquire the two companies operating the Starbucks coffee shops franchises in Bulgaria and Romania from Greece’s Marinopoulos Group for 16 million euro.
AmRest said that it will acquire full control of the two franchisees, registered in Bulgaria and Romania respectively, and hoped to close the deal by May 15. The Polish company said that the deal was subject to “consent of the owner of Starbucks brand, landlords’ approvals and satisfactory result of due diligence performed on Marinopoulos Coffee Company Bulgaria.”
AmRest said that it operated 67 Starbucks stores in Poland, Czech Republic and Hungary. The deal will add a further 19 coffee shops to its network – five in Bulgaria and 14 in Romania.
To read the full story, click here.
(Photo: Matt and Cyndi Maxson/flickr.com)
