Moscow Times July 24, 2014
One of Russia’s largest coffee shop chains, Shokoladnitsa, is near to closing a deal to buy out rival company Coffee House, Kommersant reported Thursday, citing sources close to the negotiations.
Shokoladnitsa currently boasts 420 coffee shops throughout Russia, 90 of which are franchises, and the takeover would swell its ranks to about 650, the report said.
The country’s next three largest coffee chains — Coffeeshop, Starbucks, and Kofein — have 190 between them.
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