Gloria Jean’s Cyprus stores acquired by Lanitis Entertainment

The leisure arm of Cypriot hospitality conglomerate Lanitis Group has bought Gloria Jean’s 11 shops on the island for an undisclosed sum

The acquisition marks the top of C.C. Espresso Firm’s 16-year possession of Gloria Jean’s in Cyprus | Photograph credit score: 

Gloria Jean’s Espresso franchise in Cyprus has been offered to Lanitis Leisure.

 

The acquisition represents the top of C.C. Espresso Firm’s 16-year possession of the espresso chain franchise in Cyprus, the place there are presently 11 shops. 

Gloria Jean’s Espresso is headquartered in Sydney, Australia. The chain is operated by multinational quick informal restaurant conglomerate Retail Meals Group and has greater than 1,000 shops in 40 nations, together with over 460 in Australia. 

The primary Gloria Jean’s outlet in Cyprus opened in 2007. The espresso chain is presently the tenth largest within the nation by retailers. The Lanitis Leisure acquisition additionally consists of C.C Espresso Firm’s 4 Cremoso Gelato Artigianale ice cream shops. 

World Espresso Portal analysis forecasts the Cypriot branded espresso store market will attain 477 retailers by 2027. The Cypriot branded espresso store market is led by Greece’s Espresso Island, which operates 43 retailers throughout the nation. 

 

Lanitis Leisure operates the Café Calma and Ciao Napoli Pizzeria F&B manufacturers in addition to the Cypriot occasion venue Carob Mill Eating places and the Fasouri Watermania Waterpark.