Reborn Coffee announced that it has signed a Letter of Intent, LOI, to acquire a 55% majority stake in Derin Lezzetler, a leading artisan snack and frozen bakery producer based in Istanbul, Turkey. “This Letter of Intent aligns perfectly with our vision to enhance our product offerings and cater to the evolving needs of our customers,” said Farooq Arjomand, Chairman of Reborn Coffee. “Derin Lezzetler’s commitment to quality and innovation in the health food sector presents a valuable addition to our business. Furthermore, this partnership will accelerate our plans to expand our presence in the US market, introducing these artisan and health-focused products to American consumers.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on REBN:
- Reborn Coffee Announces Letter of Intent to Acquire Majority Stake in Derin Lezzetler, an Istanbul, Turkey-based Artisan Snack and Frozen Bakery Producer
- Reborn Coffee announces expansion into China market through MLA with IAID
- Reborn Coffee Closes Master License Agreement for Guangdong Province, China
- Reborn Coffee reports 2023 EPS (30c) vs. (29c) last year