SEOUL, Nov. 19 (Korea Bizwire) — Carlyle Group, one of the world’s largest global private equity firms, said Friday it has acquired A Twosome Place, a major coffee chain operator in South Korea, as part of efforts to build a foothold in the country’s retail sector. Carlyle said it “has entered into a definitive agreement [...]
SEOUL, Apr. 30 (Korea Bizwire) — CJ Foodville, the restaurant arm of food and entertainment conglomerate CJ, said Tuesday that it has decided to sell its coffee chain operator to a foreign private equity fund (PEF) for some 200 billion won (US$171 million) to improve its financial footing. The company’s board of directors approved a [...]
SEOUL, Oct. 19 (Korea Bizwire) — A Twosome Place, a South Korean coffee shop franchise operated by CJ Foodville, is improving its position in the local market, outpacing its rivals with an expanded network of branches nationwide, data showed Thursday. A Twosome Place, an affiliate of CJ Group, had 894 shops as of the end [...]
SEOUL, Oct. 25 (Korea Bizwire) — South Korea’s coffee imports are expected to set a new annual record in 2015, the customs office said Sunday, driven by soaring demand from local consumers. Asia’s fourth-largest economy imported a record 102,500 tons of coffee in the January-September period, up 3.2 percent from the same period last year, [...]