Coffee House put in pledge its trademark to Barclays bank
Michael Chen
Senior Web Developer
One of the Russian largest coffee houses' chain called "Coffee House" put in pledge its trademark. As "RBC daily" informs, for more than three years it will be pledged to the British bank "Barclays". The stores chain could have taken this step to provide additional collateral on the loan, as market participants suppose. Experts estimate that the cost of the brand "Coffee House" could reach 900 million rubles. Coffee House today combines 224 stores in Moscow, St. Petersburg, Ekaterinburg, Novosibirsk, Kazan and Kiev. Revenues in 2009 is amounted to 2.5 billion rubles. According to sources close to the company's, the revenue in 2010 reached 2.8 billion rubles. The president and principal owner of the coffee houses' chain is Vladislav Dudakov.
Source: rbc.ru/rbcfreenews/20110830103204.shtml
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