Reborn Coffee Closes Acquisition of 58% Stake in South Korea’s Bbang Ssaem Bakery

Strategic Acquisition Bringing Reborn Coffee’s High-End Café Concept Together with Bbang Ssaem’s Bakery Expertise to Drive Revenue and Growth

BREA, Calif., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Reborn Coffee, Inc. (NASDAQ: REBN), a premier specialty coffee retailer, is pleased to announce the successful acquisition of a 58% stake in Bbang Ssaem Bakery, a leading bakery chain with 31 locations across South Korea. This acquisition follows the previously signed MOU between the two companies, solidifying Reborn Coffee’s commitment to expanding its offerings and establishing a strong presence in the bakery sector.

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