Cafe Coffee Day (CCD), a part of Amalgamated Bean Coffee Trading Company, is looking at expanding its base in eastern European and Southeast Asian markets in the near future in its bid to be a global player in the coffee retailing segment. Presently, the coffee retailer has 19 stores across the world, of which 18 stores are in the Czech Republic and Vienna along with one store in Pakistan.
“We are in talks with various players in Philippines and Vietnam in Southeast Asian geographies for acquisition of a coffee chain to enter into this market,” Shwetha Shetty, president of International Business of CCD, said.
She also said the privately held company was also looking at eastern European geographies for inorganic expansion. “I can’t give an enterprise value as it all depends on the acquisition target,” she said. Earlier, CCD had acquired a coffee chain in the Czech Republic in 2010 for Rs 15 crore. Presently, the international operation contributes around two-three per cent of its total revenue and the company plans to increase this share in the near future.
