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0 0 0.0347846851866592 0.0347846851866592 -0.0368542545570325 -0.0846135477194938 -0.0734697126482528 -0.0798216986388602
Stock impact report

Reborn Coffee Closes Master License Agreement for UAE [Yahoo! Finance]

Reborn Coffee, Inc. (REBN) 
Company Research Source: Yahoo! Finance
BREA, Calif., June 27, 2024 (GLOBE NEWSWIRE) -- Reborn Coffee Inc. (Nasdaq: REBN), ("Reborn", or the "Company"), a specialty coffee retailer based in California, announced today a master licensing deal that will facilitate Reborn Coffee's dynamic entry into the vibrant UAE market, with its first flagship location set to open in Dubai, UAE. This partnership between Reborn Coffee and Reborn UAE, led by CEO Mahmood Arjomand, marks a significant step in expanding Reborn Coffee's footprint beyond its current boundaries. Under this licensing agreement, Reborn Coffee Licensor and Reborn UAE Licensee will collaborate to establish Reborn Coffee outlets, a distribution center for the Middle East, and roasting and warehouse facilities. The aim is to establish flagships store within one year, with Jumeirah, Dubai, as the first location. Additionally, the plan includes opening 20 more stores across the UAE to solidify Reborn Coffee's presence in the region. Reborn UAE brings a wealth of local Show less Read more
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