Reborn Coffee Announces Letter of Intent to Acquire Majority Stake in Derin Lezzetler, an Istanbul, Turkey-based Artisan Snack and Frozen Bakery Producer
fee (JVA) globenewswire.com·2024-05-21 20:31
BREA, Calif., May 21, 2024 (GLOBE NEWSWIRE) -- Reborn Coffee, Inc. (NASDAQ: REBN) ("Reborn", or the "Company"), a California-based retailer of specialty coffee, today 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 strategic move marks a significant milestone in Reborn Coffee’s expansion into the health-conscious food market and its plans to further penetrate the US, E ...