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“Ediya Coffee will open an Ediya Coffee store in Guam, the U.S. autonomous territory, in December this year,” said Chairman Moon Chang-ki on Aug. 23. This is the company’s first overseas store. Ediya currently operates about 3,000 coffee shops in Korea.…
South Korean coffee chain Ediya Coffee has opened its 3000th store. The new Daejeon outlet is a significant milestone for the local franchise, matched only by competing for cafe and bakery Paris Baguette. Ediya has opened 300 locations each year for the past…
South Korea’s Ediya Coffee has dropped its plan to go public this year, opting instead to re-enter China through Beijing. “In terms of growth and profit margin, we are fully ready for an IPO, but we decided we must tend to our franchisees first,” says CEO…
Two South Korean coffee franchises are pushing ahead with IPOs to raise funds for expansion both domestically and globally. A Twosome Place and Ediya Coffee are seeking to challenge Starbucks Coffee, which dominates the Korean market. It says Ediya aims to be…
Major franchised Korean coffee chains saw their revenue fall in 2015 in the face of tougher competition with cheap take-out coffee amid economic slowdown, heading to another tough year, data shows. Homegrown coffee brands have sprung up in Asia’s…
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