Reborn Coffee Closes Acquisition of 58% Stake in South Korea's Bbang Ssaem Bakery [Yahoo! Finance]
Reborn Coffee, Inc. (REBN)
Company Research
Source: Yahoo! Finance
BREA, Calif., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Reborn Coffee, Inc. (NASDAQ: REBN), a premier specialty coffee retailer, is pleased to announce the successful acquisition of a 58% stake in Bbang Ssaem Bakery, a leading bakery chain with 31 locations across South Korea. This acquisition follows the previously signed MOU between the two companies, solidifying Reborn Coffee's commitment to expanding its offerings and establishing a strong presence in the bakery sector. Bbang Ssaem's established presence in the Korean market, combined with Reborn Coffee's specialty coffee expertise, creates a unique opportunity to enhance brand strength. This acquisition also serves as a launchpad for Reborn Coffee's entry into the South Korean franchise market, delivering premium coffee and bakery experiences to new locations through a scalable and accessible model. With Bbang Ssaem Bakery's trailing twelve months revenue through November 2024, an estimated $7 million, this acquisition positions Rebor
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News
- Reborn Coffee's Bbang Ssaem Bakery F&B Forges Major Distribution Agreement with Leading Korean Coffee Chain [Yahoo! Finance]Yahoo! Finance
- Reborn Coffee’s Bbang Ssaem Bakery F&B Forges Major Distribution Agreement with Leading Korean Coffee ChainGlobeNewswire
- Reborn Coffee Closes Acquisition of 58% Stake in South Korea’s Bbang Ssaem BakeryGlobeNewswire
- Reborn Coffee to Launch Award-Winning Cold Brew Distribution Across the U.S. Following the Successful Miami Passion Event with Hagerty Garage + Social During the Austin F1 Race [Yahoo! Finance]Yahoo! Finance
- Reborn Coffee to Launch Award-Winning Cold Brew Distribution Across the U.S. Following the Successful Miami Passion Event with Hagerty Garage + Social During the Austin F1 RaceGlobeNewswire
REBN
Sec Filings
- 11/12/24 - Form S-1
- 10/25/24 - Form 8-K
- 10/7/24 - Form EFFECT
- REBN's page on the SEC website