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Saturday, December 10, 2022 3:43:28 PM
The Californian coffee roaster and nine-strong café chain intends to open more than 40 stores in the US and make its debut in Europe, Asia and the Middle East after closing a $7.2m IPO in August 2022
Reborn currently operates nine coffee shops across California and plans to open up to 40 company-owned retail locations and four flagship locations in the US, targeting cities such as San Francisco, San Diego, Houston and Kansas City.
Additionally, it intends to launch in four international locations in the next few years, with South Korea, Austria and the UAE cited as potential markets
As well as its company-owned stores, Reborn Coffee distributes whole bean coffee, pour-over-packs and cold brew products at retail locations, kiosks and cafés across the US.?It plans to expand its e-commerce marketing and launch new Reborn-branded products, such as cascara tea packs, red tea bag packs and cold brew cans, next year.
“We have four additional company-owned retail locations in Southern California in development (which, once opened, will bring our total count to thirteen) and are developing our franchise opportunity. We expect to provide additional announcements on our new location pipeline timeline in the coming weeks,” said Jay Kim, CEO, Reborn Coffee.
According to the Reborn Coffee website, the company differentiates itself by using a magnetised water process to wash green coffee beans prior to roasting, which it says helps extract impurities and increase bean hydration.
Founded in 2015, Reborn achieved revenues of $3m for the 12 months ended 31 March 2022 and reported a loss of $3.4m.
Recent REBN News
- Reborn Coffee Provides First Quarter 2024 Corporate Update and Financial Results • GlobeNewswire Inc. • 07/23/2024 12:31:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/19/2024 08:23:30 PM
- Reborn Coffee Signs MOU to Acquire Iconic Korean Bakery Brand Bbang Ssaem Bakery • GlobeNewswire Inc. • 07/16/2024 12:31:00 PM
- Form 10-K/A - Annual report [Section 13 and 15(d), not S-K Item 405]: [Amend] • Edgar (US Regulatory) • 07/08/2024 08:46:43 PM
- Reborn Coffee Collaborates with Hagerty Garage + Social to Celebrate Hagerty's 40th Anniversary in South Florida • GlobeNewswire Inc. • 06/28/2024 12:31:21 PM
- Reborn Coffee Closes Master License Agreement for UAE • GlobeNewswire Inc. • 06/27/2024 12:31:00 PM
- Reborn Coffee Intends to Appeal Delisting Notice from Nasdaq • GlobeNewswire Inc. • 06/26/2024 08:30:00 PM
- Reborn Coffee Launches on Amazon, Expanding OMNI-Channel Strategy for E-Commerce Growth • GlobeNewswire Inc. • 06/18/2024 12:31:00 PM
- Reborn Coffee Unveils Major Global Expansion for Premium Brand Growth in China and Southeast Asia • GlobeNewswire Inc. • 06/11/2024 12:31:00 PM
- Reborn Coffee Announces Letter of Intent to Acquire Majority Stake in Derin Lezzetler, an Istanbul, Turkey-based Artisan Snack and Frozen Bakery Producer • GlobeNewswire Inc. • 05/21/2024 12:31:00 PM
- Reborn Coffee Closes Master License Agreement for Guangdong Province, China • GlobeNewswire Inc. • 05/08/2024 12:31:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/07/2024 09:20:38 PM
- Reborn Coffee Reports Fiscal Year 2023 Financial Results • GlobeNewswire Inc. • 03/28/2024 12:31:00 PM
- Reborn Coffee Closes $1.0 Million Private Placement Equity Investment from Accredited Investor • GlobeNewswire Inc. • 02/29/2024 09:30:00 PM
- Reborn Coffee Partners with Pet Fashion Brand Sgt. Puppa to Offer Pet Attire and Accessories at Pet Social Cafe • GlobeNewswire Inc. • 02/13/2024 01:31:00 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 02/12/2024 10:28:51 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/12/2024 10:21:00 PM
- Reborn Coffee Partners with TOUS les JOURS Bakery for Distribution of a Valentine's Day Specialty Coffee Blend • GlobeNewswire Inc. • 02/07/2024 01:31:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/06/2024 09:30:11 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/17/2024 09:30:30 PM
- Reborn Coffee Closes $1 Million Private Placement Equity Investment from Chairman Farooq Arjomand • GlobeNewswire Inc. • 01/17/2024 01:31:00 PM
- Reborn Coffee to Conduct 1-for-8 Reverse Stock Split • GlobeNewswire Inc. • 01/17/2024 01:31:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/16/2024 09:30:13 PM
- Reborn Coffee Secures $1 Million Private Placement Equity Commitment from Chairman Farooq Arjomand, Catalyzing International Growth Initiatives • GlobeNewswire Inc. • 01/10/2024 09:01:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/10/2024 08:00:38 PM
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