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The KAfe, Coffee Inn and Saigon Café recently shut down, following the closure of big foreign chains Gloria Jean’s and NYDC in recent months. Discouraged by the departure of such chains, many investors have postponed their plans to open new shops. Meanwhile,…
Vietnamese chain KAfe Group has been bought out by foreign investors and its founder ousted. The unidentified foreign investors have increased the business’ capital from VND16 billion to VND244.825 billion (US$10 million). KAfe’s founder and CEO, Chi Anh Dao,…
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