Dollar Slips as Oil Prices Ease, Fed Rate Outlook Remains Uncertain 
Telenor to Buy Controlling Stake in Bahnhof in $630 Million Broadband Deal 
Morgan Stanley Names Marks & Spencer Top European Retail Pick, Sees Strong Upside 
Yes, government influences wages – but not just in the way you might think 
Can your cat recognise you by scent? New study shows it’s likely 
The Beauty Beneath the Expressway: A Journey from Self to Service 
The American mass exodus to Canada amid Trump 2.0 has yet to materialize 
Oil Prices Slip but Stay on Track for Weekly Gains as U.S.-Iran Conflict Persists 
Locked up then locked out: how NZ’s bank rules make life for ex-prisoners even harder 
Booked to travel through the Middle East? Here’s why you shouldn’t cancel your flight 
Gold Prices Set for Weekly Loss as Iran Tensions and Fed Rate Outlook Weigh 
OpenAI Executive Fidji Simo to Step Down Amid Health Challenges Ahead of IPO 
Japan Producer Inflation Hits 7.1% in June, Fueling BOJ Rate Hike Expectations 
6 simple questions to tell if a ‘finfluencer’ is more flash than cash 
SK Hynix Prices Record U.S. ADR Offering at $149 After $200 Billion Investor Demand 
Venezuela Earthquake Death Toll Climbs to 3,811 as Government Seeks Sanctions Relief 
Want to cut your energy bills? Here’s how five experts are doing it 
Japanese coffeehouse chain, % Arabica, has announced a strategic partnership with SOHO Middle East to expand its European presence by 2024. According to World Coffee Portal, the expansion includes opening outlets in France, Germany, Portugal, and Greece, aiming to double its global presence from 19 to 39 countries through master franchise agreements. The plan represents % Arabica's ambition to boost its global footprint, with a keen eye on Europe.
Currently, % Arabica operates four stores in Europe, exclusively in the UK. However, they are set to enter the Hungarian, Spanish, and Turkish markets. With a total of 155 outlets worldwide, more than half of which are in China, the coffee chain strives to create exceptional store designs by collaborating with talented architects and interior designers in amazing locations globally.
The company aims to increase its international presence from 19 to 39 countries through master franchise agreements. It also has plans to expand in the Netherlands and explore opportunities in Italy, India, and Myanmar.
In addition, % Arabica has signed a master franchise agreement in Nepal. Kathmandu, Pokhara, and Namche Bazaar are among the locations where outlets will be opened. The company even has plans to set up a kiosk at the famous Everest Base Camp.
% Arabica, on its official Instagram account, expressed its vision of creating stores in remarkable locations worldwide and collaborating with talented architects and interior designers. The brand prides itself on carefully sourcing, storing, roasting, and training its baristas to provide the finest espresso and pour-overs. Currently, the company operates 155 stores in 19 countries, and with the new agreement, that number will expand to 39.
Soho Middle East, founded in Dubai in 2019, boasts a portfolio that includes premium French fashion label IRO Paris as well as clothing brands Amiri and Cotton Citizen, which are based in Los Angeles.
The expansion plans of % Arabica and its partnership with SOHO Middle East demonstrate its commitment to growing its presence in Europe and beyond.
Photo: David Kristianto/Unsplash
