Reborn Coffee Announces Letter of Intent to Acquire Majority Stake in Derin Lezzetler, an Istanbul, Turkey-based Artisan Snack and Frozen Bakery Producer
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.
- 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.
- Derin Lezzetler has been at the forefront of producing high-quality gluten-free and artisan snacks since its establishment in 2015.
- "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.
- "We are excited to join forces with Reborn Coffee and embark on this new journey together," expressed Kerim Sukan, founder of Derin Lezzetler.