[2] Gloria Jean's Gourmet Coffees to Open First American Specialty Coffee Retail Location in Turkey.IRVINE, Calif.--(BUSINESS WIRE)--Nov. 22, 1999-- Thanksgiving Day Opening in Istanbul, Turkey at Extravagant New Entertainment Complex Diedrich Coffee Diedrich Coffee is a coffee company based in Irvine, CA. Its first coffee house in Orange County, CA was opened in 1983. It owns the American mall-based stores for Gloria Jean's Coffees. , Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :DDRX DDRX Dance Dance Revolution Extreme (PS2 game) ), the nation's second largest retailer in the specialty coffee market, announced today that its Gloria Jean's This article or section deals primarily with Australia and does not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. Gourmet Coffees division will open its first franchise store in Istanbul, Turkey on November 25. The store opening will coincide with the grand opening of the high tech Mydonose Showland entertainment center, where the new store will be located. "This is a tremendous opportunity for Gloria Jean's to extend its brand in a country that was one of the originators of coffeehouses and coffee drinking as a social function," said Robert Rodriguez, president of Gloria Jean's Coffees. "We're thrilled that our world class coffees -- our unique blends and flavors such as Coral Mountain, Chocolate Raspberry raspberry, name for several thorny shrubs of the genus Rubus of the family Rosaceae (rose family) and for their fruit (see bramble). raspberry Any of many species of fruit-bearing bushes of the genus Rubus in the rose family. Truffle truffle (trŭf`əl) [Fr.], subterranean edible fungus that forms a mutually beneficial (symbiotic) relationship with the roots of certain trees and plants. The part of the fungus used as food is the ascoma, the fruiting body of the fungus. and Hazel Nut -- will now be part of the Turkish coffee experience." Gloria Jean's Gourmet Coffees has an established franchise area development agreement with Reysas Holdings for the expansion of the brand in Turkey. The agreement calls for the opening of 16 stores in Turkey over the next five years. Reysas anticipates opening two more Gloria Jean's stores in Istanbul by December. Reysas Holdings is a Turkish conglomerate with annual revenues of more than $100 million. Its diverse businesses include an upscale full service restaurant, a hospital and a transportation company as well as the largest radio station in Turkey. Gloria Jean's Gourmet Coffees is the leading brand of mall-based retail coffee stores; worldwide, there are approximately 275 Gloria Jean's retail locations in seven countries including Japan, Korea, Ireland, Australia, and Mexico. "Gloria Jean's has reached another major milestone with the opening of the first American First American may refer to:
Timothy J. "Tim" Ryan (born July 16, 1973) is an American member of the Democratic Party, who is a U.S. representative for the 17th district of Ohio, serving since 2003. , president and chief executive officer of Diedrich Coffee. "With Reysas Holdings, Gloria Jean's has chosen a strong and experienced partner to expand the brand; their knowledge of the local market will be invaluable to the brand's development in Turkey." Reysas Holdings is also the developer of the spectacular $25 million concert and entertainment center Mydonose Showland where the Gloria Jean's store will be located. The "tent-like" edifice will open on Thanksgiving day with a series of high profile events including performances by magician David Copperfield “Copperfield” redirects here. For other uses, see Copperfield (disambiguation). David Copperfield may refer to:
About Diedrich Coffee and Gloria Jean's Gourmet Coffees Diedrich Coffee, Inc. is the nation's second largest retailer in the specialty coffee market with annual system-wide revenues in excess of $150 million annually through over 360 outlets in 38 states and six foreign countries. The company's primary brands are Diedrich Coffee coffeehouses and Gloria Jean's Coffees, the nation's leading chain of mall-based coffee stores. Headquartered in Irvine, Calif., Diedrich Coffee specializes in sourcing and custom roasting the world's highest quality coffees and offering them to customers through its coffeehouses and mall stores and via wholesale, mail order and its Website. For more information about Diedrich Coffee, call 1-800-354-5282, for Gloria Jean's Coffees, call 1-800-946-8528, or visit the company's Websites at www.diedrich.com and www.gloriajeans.com. Forward Looking Statements Statements in this news release that relate to future plans, financial results or projections, events or performance are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and fall under the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. . Actual results and financial position could differ materially from those anticipated in the forward-looking statements as a result of a number of factors, including but not limited to, the successful management of Diedrich Coffee's growth strategy, impact of competition, the availability of working capital and other risks and uncertainties described in detail under "Risk Factors and Trends Affecting Diedrich Coffee and its Business" in the Company's annual report on form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the fiscal year ended January 27, 1999. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion