La Kaffa International Co Ltd (六角國際事業) has formed a strategic alliance with two US-based retail partners — F&T Group and New York Mart Group — in a bid to accelerate its development in the US market.
The food and beverage brand operator opened the first US outlet of its bakery brand, Bake Code (烘焙密碼), in California last month.
La Kaffa is set to open a flagship store on a new property in New York’s Flushing neighborhood, managed by F&T Group, and plans to operate its first retail outlet with New York Mart in Maryland, the company said.
“We hope the cooperation with the two partners will help the development of our brands in the eastern region of the US,” La Kaffa chairman and founder Henry Wang (王耀輝) said in a statement.
The company, which debuted on the over-the-counter Taipei Exchange (TPEx, 櫃檯買賣中心) in January, runs bubble tea chain Chatime (日出茶太) in 20 nations and regions on four continents.
It plans to expand its other brands to overseas markets, especially the US, the company said.
Last year, La Kaffa saw its net income total NT$134.14 million (US$4.28 million), or NT$5.71 per share, slightly down from NT$134.64 million, or NT$5.73 per share, a year earlier, a company statement showed.
Consolidated sales in the first two months of the year stood at NT$259.48 million, up 46.55 percent from a year earlier, data showed.
The company plans to distribute cash dividend of NT$4 per share, which translates into a 3.39 percent dividend yield, based on yesterday’s closing share price of NT$118.
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