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British expansion fueled on caffeine

Dec 17, 2009
From wire reports

RIGA British firm Whitbread, which runs the Costa Coffee chain, the largest cafe chain in the United Kingdom, could soon enter the Latvian market, reports news agency LETA. The company has announced its plans to acquire Warsaw-based Coffeeheaven International, owner of the Coffee Nation chain in Latvia. Management announced last week that talks with Coffeeheaven International moved ahead significantly. The prospective deal is estimated to be worth around 32 million pounds (35.2 million euros) ...

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