Expected Administration of Triple Two Coffee business

26 September 2023
Cooks Coffee Company Limited
("Cooks Coffee", or the “Company” or the “Group”))
Expected Administration of Triple Two Coffee business
Cooks Coffee (NZX:CCC; AQUIS:COOK) announces that the Company expects to shortly appoint
administrators to place its Triple Two coffee franchise business, comprising Triple Two Holdings
Limited and its subsidiaries, into an insolvency process.
Triple Two was growing rapidly before the Covid-19 pandemic and had shown continuing
momentum in FY22. However, in recent times, this momentum has not been able to be maintained
and the business has been adversely impacted by the current market environment. Currently there
are 11 operating Triple Two franchised stores.
The Company’s larger Esquires business continues to perform in line with management’s
expectations and is making a positive contribution to the Group. The Esquires business will not be
affected by any Triple Two insolvency process.
The Company will make further announcements in due course as appropriate.
Enquiries
Cooks Coffee Company Limited
Keith Jackson (Executive Chairman)
+64 21 702 509 (New Zealand)
+44 (0) 20 3814 5627 (UK)
ukinvestorrelations@cookscoffeecompany.com

VSA Capital Limited (Aquis Corporate Adviser
& Broker)
Andrew Raca, Simba Khatai, Alex Cabral
(Corporate Finance)
David Scriven, Peter Mattsson (Corporate
Broking)

+44 (0) 20 3005 5000
IFC Advisory Limited (Financial PR & IR)
Tim Metcalfe, Graham Herring, Florence
Chandler
+44 (0) 20 3934 6630
cookscoffee@investor-focus.co.uk