The Korean Chain Caffebene To Face Some Troubles

According to the annual report filed in May, to the South Korea’s Financial Supervisory Service, Caffebene generated $97million revenue in 2015. That’s a loss by far margin when compared to the revenue figure Caffebene generated a year earlier $122.5 million. Even in 2014 the company faced loss of $7.1million. According to the latest quarterly report ending Mar 31, Caffebene generated $15.6 million in sales, down from $23.7 million that the company

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Nida Ali Ishtiaq

Writer and content contributor for international magazines and websites. Nida has been writing professionally for CoffeeBI since March 2016.

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