Serbian coffee chain Kafeterija acquires local rival Loft

Serbia’s speciality java concatenation Kafeterija has agreed to bargain section rival Loft, marking its archetypal takeover arsenic it targets maturation beyond its location market.

The determination was announced by Bulgarian backstage equity institution BlackPeak Capital, a shareholder successful Kafeterija, via a LinkedIn post.

Financial details of the transaction were not divulged successful the post.

Loft operates astatine 9 locations, each of them successful Novi Sad, Serbia's second-largest city.

In the post, BlackPeak Capital said: “This transaction marks an important measurement successful Kafeterija's determination enlargement strategy. With implicit 60 locations crossed Serbia and Montenegro, Kafeterija is establishing itself arsenic the region's starring speciality java platform.”

“We are supporting Kafeterija's absorption squad successful executing some integrated maturation and targeted acquisitions crossed Southeast Europe. The institution is actively evaluating akin formats successful neighbouring markets.

“We are arrogant to backmost Kafeterija arsenic it builds Southeast Europe's starring speciality java brand.”

Belgrade-headquartered Kafeterija was established successful 2013 by Zoran Stanojevic and Marko Vukomanovic, according to a study by SeeNews.

Its yearly fiscal connection showed that successful 2024 it generated gross of RSD2.1bn ($21m) and a nett net of RSD46.5m, compared with gross of RSD1.7bn and nett net of RSD70m a twelvemonth earlier.

Cyprus-based Kining Holdings Limited holds 83.05% successful Kafeterija, with BlackPeak Capital owning the remaining shareholding, pursuing its concern successful April 2025.

At that time, Stanojevic said the radical aims to scope 150 outlets crossed Bulgaria, Romania and Hungary, and present €70m ($81m) successful yearly income wrong the adjacent 5 years.

"Serbian java concatenation Kafeterija acquires section rival Loft" was primitively created and published by Verdict Food Service, a GlobalData owned brand.

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