REG - Cooks Coffee Company - Master Franchise Agreement for India

Cooks CoffeeAnnouncement

07/05/2025 07:00

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RNS Number : 5332H  Cooks Coffee Company Limited  07 May 2025

7 May 2025

Cooks Coffee Company Limited

 

("Cooks Coffee", the "Company" or the "Group")

 

Master Franchise Agreement for India

 

Cooks Coffee Company (NZX:CCC; AQUIS:COOK), the international coffee focused
café chain, is pleased to announce that it has entered into a Master
Franchise Agreement ("MFA") for the country of India. The agreement has been
signed with Sterling Coffee House Limited (the "Franchisee"), a Special
Purpose Vehicle ("SPV"), that will manage the venture.

 

Under the terms of the MFA, the Franchisee will be responsible for the
establishment and operation of the business in India, with ongoing support
from Cooks Coffee. This support will include providing systems, processes, and
best practices related to the Esquires brand, enabling the Franchisee to
maintain the high standards synonymous with the brand.

 

The market size for India's coffee retail chains was valued at USD 18.83
billion in the year to March 2025 and is projected to grow at a CAGR of 9.84%
from 2030(1). This growth can be attributed to the growing coffee culture and
changing lifestyle, the rising urbanisation and increasing per capita income

 

This exciting new partnership represents a significant step in expanding Cooks
Coffee's global footprint and marks the next phase in the international
development of the Esquires Brand. The Company is confident that the strong
local expertise and proven track record of the franchise partner will
contribute to the success of this venture.

 

The Company will continue to update the market on progress as the venture
develops.

 

Aiden Keegan, CEO of Cooks Coffee Company, said: "We are thrilled to announce
the signing of the Master Franchise Agreement for India, marking an important
milestone in our international expansion strategy. India represents a dynamic
and growing market, and we are confident that Sterling Coffee Houses Limited
will be a great partner in bringing the Esquires Brand to new customers across
the country. This partnership will enable us to extend our brand presence
while benefiting from the proven operational support provided by our teams in
the UK & Ireland."

 

(1)
https://www.mordorintelligence.com/industry-reports/india-cafes-&-bars-market
(https://www.mordorintelligence.com/industry-reports/india-cafes-&-bars-market)

 

Enquiries:

 

 Cooks Coffee Company Limited                        +64 21 702 509 (New Zealand)
 Keith Jackson (Executive Chairman)                  keith.jackson@cookscoffeecompany.com

                                                   (mailto:keith.jackson@cookscoffeecompany.com)
 Aiden Keegan (Chief Executive)
                                                     +44 (0) 7980 608 440 (UK)

                                                     aiden@esquirescoffee.co.uk (mailto:aiden@esquirescoffee.co.uk)

                                                     +44 (0) 20 3934 6630 (UK)
                                                     ukinvestorrelations@cookscoffeecompany.com
                                                     (mailto:ukinvestorrelations@cookscoffeecompany.com)

 IFC Advisory Limited (Financial PR & IR)            +44 (0) 20 3934 6630
 Graham Herring, Florence Staton                     cookscoffee@investor-focus.co.uk (mailto:cookscoffee@investor-focus.co.uk)

 Oberon Capital (AQSE Corporate Adviser and Broker)  +44 (0) 20 3179 5300
 Nick Lovering, Adam Pollock, Mike Seabrook

 

 

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