2015 Interim Report
COOKS GLOBAL FOODS INTERNATIONAL GROWTH CONTINUES AND GAINS ADDITIONAL AND STRONG NEW SHAREHOLDER SUPPORT
Cooks remains focussed on building on our existing platform to achieve critical mass through both natural and acquired growth. We are particularly pleased with the progress the company has made securing strong strategic investors to enable the company to carry out its future growth aspirations.
In November, Cooks gained shareholder approval for the sale of shares by its largest shareholder, DSL Management Limited, to China’s Jiajiayue Group (JJY) and new strategic investors via a special purpose vehicle, Cooks Investment Holdings Limited (CIHL). At the same time, a further injection of $9 million equity was received from the same investors and will help fund Esquires Coffee growth plans including the roll out of new stores across China, the Middle East, UK, Ireland and North America and the redevelopment of existing stores.