date:Jun 12, 2013
h Esquires.
In connection with the transaction with Cooks, and through a $1.3m secured advance from Cooks, FDL has acquired Esquires Coffee International, the owner and master franchisor of the global intellectual property rights to Esquires Coffee Houses, excluding New Zealand, Australia and Canada.
The purchase of FDL will be funded through an issue of shares in Cooks to an entity controlled by New Zealand coffee entrepreneurs Stuart and Lewis Deeks and a cash payment of $300,000.
Cooks is