Sale of Scarborough Fair Business
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NZX Announcement 24 July 2020
Sale of Scarborough Fair Business
Cooks Global Foods Limited (NZX:CGF) is pleased to advise that it has today completed the sale of its
Scarborough Fair tea and Grounded coffee brands to Toasted Coffee Roasters, an Auckland based
specialty coffee roaster that was established in 2001.
Cooks is confident that the alignment of the Scarborough Fair & Grounded brands with Toasted
Coffee Roasters philosophy and commitment will provide an exciting and successful new chapter for
these high quality, ethical brands with dedicated customers.
As disclosed in CGF’s preliminary results for the 12 months to 31 March 2020 with no café operations
in New Zealand that provided synergies for the FMCG business operated under the Scarborough Fair
tea and Grounded coffee brands it was determined that these were non-core.
The major focus of the Cooks business is on the operation of franchised cafés in UK, Ireland & Europe
and providing support to master franchise partners in the Middle East, Pakistan, Canada & Indonesia.
For further information contact:
Keith Jackson
Executive Chairman
Tel: +64 21 702 509
Email: keith.jackson@cooksglobalfoods.com
About Cooks Global Foods
CGF operates in world markets and is listed on the NZX market operated by NZX Limited in New
Zealand under the code CGF. It owns the intellectual property and master franchising rights to
Esquires Coffee Houses worldwide (excluding New Zealand and Australia). CGF currently operates or
franchises Esquires Coffee outlets in the United Kingdom, Ireland, Portugal, Bahrain, Kuwait, Syria,
Saudi Arabia, Jordan, Pakistan, Indonesia, Canada and China. For more information visit:
https://www.cooksglobalfoods.com.
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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