Reborn Coffee expands into Europe with flagship stores in Prague, Vienna, and Florence, enhancing its global specialty coffee presence.
Quiver AI Summary
Reborn Coffee Inc., based in Brea, California, has announced its plans to expand into Europe with flagship locations set to open in Vienna, Austria, Florence, Italy, and Prague, Czech Republic, led by Reborn Coffee Dubai. The Prague store is slated to open in June 2025, coinciding with the peak tourist season, aiming to establish the brand as a premier specialty coffee destination in Central Europe. The Vienna location will integrate traditional coffee culture with modern specialty innovation, while the Florence store will build on the success of an existing Italian location. Reborn Coffee is also seeking franchise and licensing partners for further expansion in Europe and the Middle East, emphasizing its commitment to quality, sustainability, and innovation in the specialty coffee market. CEO Jay Kim highlighted Dubai's role in this international growth strategy.
Potential Positives
- Reborn Coffee is expanding its global footprint with new flagship stores in major European cities, enhancing brand visibility and accessibility.
- The strategic timing of the Prague store opening during peak tourist season is likely to maximize customer exposure and sales.
- Establishing a presence in Vienna and Florence, cities with rich coffee cultures, positions Reborn Coffee as a notable player in the specialty coffee market in Europe.
- The company is actively seeking franchise and licensing partnerships, indicating growth opportunities and potential for increased market reach.
Potential Negatives
- The company's ability to continue as a going concern is questioned due to recurring net losses, which could affect investor confidence and future operations.
- The press release contains forward-looking statements that involve risks and uncertainties, which could mislead stakeholders if actual results significantly diverge from expectations.
- The company may face challenges in successfully opening the new locations as planned, raising concerns about execution and growth strategy.
FAQ
What are the new Reborn Coffee locations in Europe?
Reborn Coffee is opening flagship locations in Vienna, Florence, and Prague, enhancing its presence across Europe.
When will the Prague flagship store open?
The Prague flagship store is set to open in June 2025, coinciding with the peak tourist season.
What makes Reborn Coffee's Vienna location unique?
Reborn Coffee Vienna will blend traditional coffee culture with modern specialty coffee innovation, appealing to both locals and tourists.
How is Reborn Coffee expanding its brand in Europe?
Reborn Coffee is leveraging its success in Dubai to establish flagship stores and seek franchise partners throughout Europe.
What can customers expect from Reborn Coffee's offerings?
Customers will experience premium specialty coffee, tea, and bakery items, all crafted with high quality and innovative techniques.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$REBN Hedge Fund Activity
We have seen 5 institutional investors add shares of $REBN stock to their portfolio, and 2 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- UBS GROUP AG removed 17,363 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $51,741
- RENAISSANCE TECHNOLOGIES LLC removed 15,000 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $44,700
- XTX TOPCO LTD added 11,782 shares (+inf%) to their portfolio in Q4 2024, for an estimated $19,558
- CITADEL ADVISORS LLC added 5,554 shares (+33.4%) to their portfolio in Q4 2024, for an estimated $9,219
- ROYAL BANK OF CANADA added 3,000 shares (+inf%) to their portfolio in Q4 2024, for an estimated $4,980
- GEODE CAPITAL MANAGEMENT, LLC added 1,372 shares (+9.0%) to their portfolio in Q4 2024, for an estimated $2,277
- TOWER RESEARCH CAPITAL LLC (TRC) added 944 shares (+58.6%) to their portfolio in Q4 2024, for an estimated $1,567
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Full Release
Strengthening Global Presence with Premium Specialty Coffee, Tea, And Bakery Experiences Across Europe
BREA, Calif., Feb. 20, 2025 (GLOBE NEWSWIRE) -- Reborn Coffee Inc. (Nasdaq: REBN), a leader in the specialty coffee market, today announced that Reborn Coffee Dubai, the Middle Eastern hub of Reborn Coffee's international expansion, is spearheading a bold new initiative to establish flagship locations in Europe. Openings are set for Vienna, Austria; Florence, Italy; and Prague, Czech Republic, reinforcing Dubai’s leadership role in the brand’s global growth strategy.
As part of this expansion, the Prague flagship store is set to open in June 2025, strategically aligning with the peak tourist season. This timing ensures that visitors from around the world will experience Reborn Coffee’s signature specialty coffee offerings in one of Europe’s most visited cities.
- Prague, Czech Republic – Opening June 2025 – Under Reborn Coffee Dubai’s leadership, the Prague flagship will serve as a European showcase location, strengthening the brand’s presence in Central Europe. The launch in June will capitalize on Prague’s high influx of international tourists, establishing Reborn Coffee as a go-to specialty coffee destination in the region.
- Vienna, Austria – A city renowned for its historic coffee culture, Reborn Coffee Vienna will blend tradition with modern specialty coffee innovation, making it a must-visit destination for both locals and tourists. Definitive location details will be announced soon.
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Florence, Italy – As Reborn Coffee’s second store in Italy, the Florence flagship will build upon the success of its predecessor, offering an elevated specialty coffee experience in a city celebrated for its artistic heritage and culinary excellence. Finalized location details will be shared in the coming weeks.
Reborn Coffee Dubai has played a pivotal role in the brand’s Middle Eastern success and is now leveraging its expertise to guide Reborn Coffee’s European expansion. With a strong commitment to excellence, sustainability, and innovation, Reborn Coffee Dubai ensures that each new location maintains the brand’s high quality standards and signature brewing techniques.
Beyond these flagship locations, Reborn Coffee Dubai is actively seeking franchise and licensing partners in both Europe and the Middle East, offering investors the opportunity to be part of a rapidly expanding specialty coffee brand.
"Dubai has always been a gateway for global innovation, and we are proud that Reborn Coffee Dubai is at the forefront of our European expansion," said Jay Kim, CEO of Reborn Coffee. "By strategically positioning ourselves in high-profile tourist destinations, we are not only expanding our footprint but also reinforcing our commitment to bringing premium specialty coffee, tea, and bakery to the world."
About Reborn Coffee
Reborn Coffee, Inc. (NASDAQ: REBN) is focused on serving high quality, specialty-roasted coffee at retail locations, kiosks, and cafes. Reborn is an innovative company that strives for constant improvement in the coffee experience through exploration of new technology and premier service, guided by traditional brewing techniques. Reborn believes they differentiate themselves from other coffee roasters through innovative techniques, including sourcing, washing, roasting, and brewing their coffee beans with a balance of precision and craft. For more information, please visit www.reborncoffee.com .
Forward-Looking Statements
All statements in this release that are not based on historical fact are “forward-looking statements.” While management has based any forward-looking statements included in this release on its current expectations, the information on which such expectations were based may change. Forward-looking statements involve inherent risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements, as a result of various factors including those risks and uncertainties described in the Risk Factors and Management’s Discussion and Analysis of Financial Condition and Results of Operations sections of our recent filings with the Securities and Exchange Commission (“SEC”) including our Form 10-Q for the third quarter of 2024, which can be found on the SEC’s website at www.sec.gov . Such risks, uncertainties, and other factors include, but are not limited to, the Company’s ability to continue as a going concern as indicated in an explanatory paragraph in the Company’s independent registered public accounting firm’s audit report as a result of recurring net losses, among other things, the Company’s ability to successfully open the additional locations described herein as planned or at all, the Company’s ability to expand its business both within and outside of California (including as it relates to increasing sales and growing Average Unit Volumes at our existing stores), the degree of customer loyalty to our stores and products, the fluctuation of economic conditions, competition and inflation. We urge you to consider those risks and uncertainties in evaluating our forward-looking statements. We caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Contacts
Investor Relations Contact:
Chris Tyson
Executive Vice President
MZ North America
[email protected]
949-491-8235
Company Contact:
Reborn Coffee, Inc.
[email protected]