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Cooks Coffee agrees partnership deal with Tesco Ireland
(Sharecast News) - Cooks Coffee Company is to open outlets in five of supermarket giant Tesco's Irish stores, the cafe chain announced on Wednesday. The firm, which is listed in New Zealand and on the Acquis Stock Exchange in London, said in a brief statement that it had completed a new partnership agreement with Tesco Ireland.
Under the terms of the deal, Cooks Coffee will open its Esquires-branded cafes in five of Tesco Ireland's 193 stores, including in Wexford Town and Clonmel.
The cafes will be operated by franchisees who are already operating with the Esquires Irish network, Cooks Coffee confirmed.
It continued: "Both parties view this as a highly complementary partnership, bringing the Esquires premium coffee and food offering to select Tesco locations."
Financial details were not disclosed.
Shares in Cooks Coffee closed 14% higher in New Zealand.
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