Cooks Coffee has launched trading for Cooks Coffee Company on the Aquis Stock Exchange in London. New UK Director Elena Garside banged the gong, making Cooks the only NZ company dual-listed in NZ and the UK.
Cooks Coffee operates 111 Esquires and Triple Two cafes in the UK and Ireland and is the fourth-largest cafe business in Britain.
“We are delighted to have achieved our dual listing to support the continued expansion of the Group as it builds a business of ethical coffee brands with community spirit. Our Esquires and Triple Two brands continue to perform well, and I am delighted with our consistent outperformance of the market, thanks to the efforts of our staff, franchisees and their teams,” said Keith Jackson, Executive Chairman of Cooks Coffee.
“We have a strong pipeline of new stores and are on track to open a net 18 sites this financial year, showing a net 21 percent gain in store numbers for the financial year in the UK and Ireland. The new outlets include innovative offerings reflecting the local environment, including, where appropriate, an alcohol offering which gives the Company the opportunity to establish a unique market position between a café and restaurant whilst retaining the essence of the café culture. The addition of mobile vans in October has also opened a new and exciting area of the market for the Company.”
