Reborn Coffee Signs MOU To Acquire Iconic Korean Brand Bbang Ssaem Bakery; Strategic Move Expands Footprint Into Coffee And Bakery Sector; Aims To Enhance Offerings And Solidify Position As Premier Coffee & Bakery Franchise In U.S. And South Korea

7/16/24 8:32:41 AM ET

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Reborn Coffee Provides Third Quarter 2024 Corporate Update and Financial Results
BREA, Calif., Nov. 20, 2024 (GLOBE NEWSWIRE) -- Reborn Coffee Inc. (NASDAQ:REBN), a leader in the specialty coffee industry, has reported its financial and operational results for the third quarter ended September 30, 2024. Key Financial and Operational Highlights Despite higher food costs, in the nine months ending September 30, 2024, revenue was steady at $4.1 million as compared to the same period revenue in 2023.Company-operated store gross margins for nine months ended September 30, 2024, increased to 72% compared to 68% for the same period in 2023.Ended Q3'24 with 12 open locations, with 1 location in development.Q3'24 wholesale and online sales grew 432% to $140,407 fr
11/20/24 8:31:00 AM ET
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Reborn Coffee's Bbang Ssaem Bakery F&B Forges Major Distribution Agreement with Leading Korean Coffee Chain
Reborn Coffee Expands its Presence in South Korea Through an 8,000 Store Bakery Distribution Partnership, Emphasizing Quality and Preservative-free Offerings BREA, Calif., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Reborn Coffee, Inc. (NASDAQ:REBN), a premier specialty coffee retailer, today announced a landmark distribution agreement through majority-owned its South Korean subsidiary, Bbang Ssaem Bakery F&B. This strategic partnership will bring Reborn's preservative-free, signature baked goods to approximately 8,000 stores of a major coffee chain across South Korea, significantly enhancing the company's revenue and solidifying its position in the country's dynamic coffee and bakery market.
11/13/24 8:31:00 AM ET
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Restaurants
Consumer Discretionary
Reborn Coffee to Launch Award-Winning Cold Brew Distribution Across the U.S. Following the Successful Miami Passion Event with Hagerty Garage + Social During the Austin F1 Race
Reborn Coffee's new cold brew Fruit Infused, including the Miami Passion blend, are set to expand nationwide, capturing U.S. demand for premium ready-to-drink options as the brand builds on its success BREA, Calif., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Reborn Coffee Inc. (NASDAQ:REBN), a leader in the specialty coffee industry, today announced the upcoming nationwide distribution of its award-winning Cold Brew line, building on the momentum from its recent Miami Passion event with Hagerty Garage + Social during the Austin F1 Race. This launch features Miami Passion, a limited-edition Cold Brew blend, which combines Reborn's signature coffee with tropical Passion Fruit, capturing the vibrant
10/29/24 8:31:00 AM ET
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Reborn Coffee Closes Master License Agreement for UAE
BREA, Calif., June 27, 2024 (GLOBE NEWSWIRE) -- Reborn Coffee Inc. (NASDAQ:REBN), ("Reborn", or the "Company"), a specialty coffee retailer based in California, announced today a master licensing deal that will facilitate Reborn Coffee's dynamic entry into the vibrant UAE market, with its first flagship location set to open in Dubai, UAE. This partnership between Reborn Coffee and Reborn UAE, led by CEO Mahmood Arjomand, marks a significant step in expanding Reborn Coffee's footprint beyond its current boundaries. Under this licensing agreement, Reborn Coffee Licensor and Reborn UAE Licensee will collaborate to establish Reborn Coffee outlets, a distribution center for the Middle East, an
6/27/24 8:31:00 AM ET
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Reborn Coffee Intends to Appeal Delisting Notice from Nasdaq
BREA, Calif., June 26, 2024 (GLOBE NEWSWIRE) -- Reborn Coffee Inc. (NASDAQ:REBN), ("Reborn", or the "Company"), a California-based retailer of specialty coffee, today announced that it has received a notice of delisting from Nasdaq. On June 21, 2024, Reborn Coffee (the "Company") received a staff determination letter (the "Letter") from the Nasdaq Listing Qualifications Staff (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that because it has not yet filed its Form 10-Q for the fiscal year ended March 31, 2024 (the "Filing"), it has failed to comply with the filing requirement set forth in Listing Rule 5250(c.)(1). As previously announced on May 15, 2024, th
6/26/24 4:30:00 PM ET
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Restaurants
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Reborn Coffee Announces Letter of Intent to Acquire Majority Stake in Derin Lezzetler, an Istanbul, Turkey-based Artisan Snack and Frozen Bakery Producer
BREA, Calif., May 21, 2024 (GLOBE NEWSWIRE) -- Reborn Coffee, Inc. (NASDAQ:REBN) ("Reborn", or the "Company"), a California-based retailer of specialty coffee, today announced that it has signed a Letter of Intent (LOI) to acquire a 55% majority stake in Derin Lezzetler, a leading artisan snack and frozen bakery producer based in Istanbul, Turkey. This strategic move marks a significant milestone in Reborn Coffee's expansion into the health-conscious food market and its plans to further penetrate the US, Europe, Middle East, and Asia Pacific regions. Derin Lezzetler has been at the forefront of producing high-quality gluten-free and artisan snacks since its establishment in 2015. The comp
5/21/24 8:31:00 AM ET
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Restaurants
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Reborn Coffee Signs MOU To Acquire Iconic Korean Brand Bbang Ssaem Bakery; Strategic Move Expands Footprint Into Coffee And Bakery Sector; Aims To Enhance Offerings And Solidify Position As Premier Coffee & Bakery Franchise In U.S. And South Korea

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Recent Analyst Ratings for
$REBN

$REBN
Press Releases

Fastest customizable press release news feed in the world

Reborn Coffee Provides Third Quarter 2024 Corporate Update and Financial Results

Reborn Coffee's Bbang Ssaem Bakery F&B Forges Major Distribution Agreement with Leading Korean Coffee Chain

Reborn Coffee to Launch Award-Winning Cold Brew Distribution Across the U.S. Following the Successful Miami Passion Event with Hagerty Garage + Social During the Austin F1 Race

$REBN
Market Insights

Live Market Insights

Reborn Coffee Q1 EPS $(0.60) Up From $(0.64) YoY, Sales $1.52M Up From $1.12M YoY

Reborn Coffee Signs MOU To Acquire Iconic Korean Brand Bbang Ssaem Bakery; Strategic Move Expands Footprint Into Coffee And Bakery Sector; Aims To Enhance Offerings And Solidify Position As Premier Coffee & Bakery Franchise In U.S. And South Korea

Reborn Coffee Inks Master Licensing Deal That Will Facilitate Reborn Coffee's Dynamic Entry Into The UAE Market, With Its First Flagship Location Set To Open In Dubai

$REBN
SEC Filings

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Insider Trading

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SEC Form 10-Q filed by Reborn Coffee Inc.

SEC Form NT 10-Q filed by Reborn Coffee Inc.

SEC Form S-1 filed by Reborn Coffee Inc.

SEC Form 3 filed by new insider Nasim Andy Farouk Muhamad

$REBN
Leadership Updates

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Reborn Coffee Closes Master License Agreement for UAE

Reborn Coffee Intends to Appeal Delisting Notice from Nasdaq

Reborn Coffee Announces Letter of Intent to Acquire Majority Stake in Derin Lezzetler, an Istanbul, Turkey-based Artisan Snack and Frozen Bakery Producer

Reborn Coffee Signs MOU To Acquire Iconic Korean Brand Bbang Ssaem Bakery; Strategic Move Expands Footprint Into Coffee And Bakery Sector; Aims To Enhance Offerings And Solidify Position As Premier Coffee & Bakery Franchise In U.S. And South Korea

Chat with this insight

Recent Analyst Ratings for $REBN

$REBN Press Releases

Fastest customizable press release news feed in the world

Reborn Coffee Provides Third Quarter 2024 Corporate Update and Financial Results

Reborn Coffee's Bbang Ssaem Bakery F&B Forges Major Distribution Agreement with Leading Korean Coffee Chain

Reborn Coffee to Launch Award-Winning Cold Brew Distribution Across the U.S. Following the Successful Miami Passion Event with Hagerty Garage + Social During the Austin F1 Race

$REBN Market Insights

Live Market Insights

Reborn Coffee Q1 EPS $(0.60) Up From $(0.64) YoY, Sales $1.52M Up From $1.12M YoY

Reborn Coffee Signs MOU To Acquire Iconic Korean Brand Bbang Ssaem Bakery; Strategic Move Expands Footprint Into Coffee And Bakery Sector; Aims To Enhance Offerings And Solidify Position As Premier Coffee & Bakery Franchise In U.S. And South Korea

Reborn Coffee Inks Master Licensing Deal That Will Facilitate Reborn Coffee's Dynamic Entry Into The UAE Market, With Its First Flagship Location Set To Open In Dubai

$REBN SEC Filings

$REBN Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

SEC Form 10-Q filed by Reborn Coffee Inc.

SEC Form NT 10-Q filed by Reborn Coffee Inc.

SEC Form S-1 filed by Reborn Coffee Inc.

SEC Form 3 filed by new insider Nasim Andy Farouk Muhamad

$REBN Leadership Updates

Live Leadership Updates

Reborn Coffee Closes Master License Agreement for UAE

Reborn Coffee Intends to Appeal Delisting Notice from Nasdaq

Reborn Coffee Announces Letter of Intent to Acquire Majority Stake in Derin Lezzetler, an Istanbul, Turkey-based Artisan Snack and Frozen Bakery Producer

Recent Analyst Ratings for
$REBN

$REBN
Press Releases

$REBN
Market Insights

$REBN
SEC Filings

$REBN
Insider Trading

$REBN
Leadership Updates