Cooks Global Foods sees increased earnings, US expansion from Mojo acquisition

Fri, 31 Aug 2018

By Sophie Boot Aug. 31 (BusinessDesk) - Cooks Global Foods, which owns the master franchise rights for the Esquires Coffee chain outside New Zealand and Australia, says its planned $19 million purchase of Mojo Coffee Cartel will boost its earnings and expand its reach. The planned acquisition was announced earlier this month, with NZAX-listed Cooks saying it will pay $14 million cash and take on up to $5.3 million in debt in Mojo. Today, Cooks said it plans to raise $20.5 million to fund the purchase, via $14 million in new capital, $4...

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