2017 December RaaS Report

Gaining traction, restructure taking time

Cooks Global Foods (CGF.NZAX) is a global integrated food and beverage retail and supply company headquartered in New Zealand. The company’s core operation is Esquires Coffee, a global coffee franchise group with 95 stores in its network across 12 countries. Cooks also owns Scarborough Fair, a supplier of Organic and Fairtrade coffee, tea and hot chocolate, and has a JV company Crux Products Ltd to channel high quality products between New Zealand and China. CGF is in the process of restructuring and recapitalising with the support of its three largest shareholders and is targeting to be cash-flow breakeven in its continuing business in FY18e.

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