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BaltCap invests in Coffee Inn
Coffee Inn was established in Vilnius in 2007 by the group of Lithuanian entrepreneurs. Today, the company operates 28 branded coffee shops and expects to have sales over €3 million in 2012. Coffee Inn shops are located in Vilnius, Kaunas, Klaipeda, Palanga, Siauliai and Riga, Latvia.
Vygantas Maksele, the CEO of Coffee Inn said: “We are very pleased with having attracted BaltCap as new investor in Coffee Inn. With BaltCap’s financial and strategic backing, we are confident that the company will continue its strong growth in the coming years. Regional market for branded coffee bars is at a very exciting stage of its development and we should capitalize on this opportunity.”
"We believe that Coffee Inn has the strongest growth potential among local chains of branded coffee shops in the Baltics. We look forward to working with the competent management team of the company, who has demonstrated an impressive record over the last four years in both expanding the chain across Latvia and Lithuania and building highly loyal customer base." said Kornelijus Celutka, Investment Director at BaltCap.
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Category : News
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