2022 VSA Capital Report

Expanding in the UK and Ireland

Cooks Coffee (CCC NZX), which was founded in 2008 in New Zealand and is listed there, owns master franchises for Esquires Coffee, the ethical coffee and fresh food regional café chain. Having restructured and reduced international operations, the business is now driven by expanding revenues from UK and Ireland franchised cafés. Small legacy revenues are derived from 26 outlets in ROW, primarily MEA. In 2020, Cooks acquired UK-based, franchise-operated, Triple Two Coffee. This brought in a more metropolitan-focused café bar proposition. At year end March 2022 (FY 2022) Cooks had 67 UK outlets, together with 15 outlets in Ireland. Cooks, given geographic focus, now plans to dual list in the UK on the Aquis Exchange.

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