Cooks Global Foods (CGF) is ready to take the Esquires Coffee House franchise to the next phase, with a new plan to fund its trajectory and key relationships in place to significantly expand its presence in China. It also plans to establish a beachhead in the US market in the next 12 months. The New Zealand-listed company has embarked on a growth strategy to lift its presence from 77 stores to 710 stores by FY21. Our DCF valuation of NZ$0.23/share post-recapitalisation is based on this strategy’s success.
