M&A
Behind Spur’s caffeine infusion
Spur’s not saying how much it paid for the Doppio Group but investors expect big things of the deal in years to come
03 August 2023 - 05:00
After more than a decade of scouting, Spur has finally found its way into the coffee market by pouncing on the Doppio Group.
It’s buying a 60% stake in the owners of speciality restaurant brands Doppio Zero, Piza ē Vino and Modern Tailors. All told, it’s a portfolio of 37 franchised and company-owned restaurants, as well as a bakery and central supply business. (Doppio Zero, or “double zero”, refers to the 00 flour type regarded as best for pasta and pizza bases.) ..
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