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Coffee Island, the popular Greek coffee chain, is making waves in the global market with its first store opening in India, set for December in New Delhi. This marks a major milestone as Coffee Island becomes the first European coffee chain to enter India, a country of over 1.4 billion people. The company is betting big on the Indian market, which, despite its rich coffee production, lacks a strong coffee chain presence, creating an opportunity for growth. Alongside this, the company plans to set up a local production facility in India by next year, following a successful model already in place in Egypt.
Founded in 1999 in Patras, Greece, Coffee Island is celebrating its 25th anniversary with ambitious expansion plans. In addition to its entry into India, the company has recently launched a production unit in Egypt, where it already operates five stores. The Egyptian plant, a joint venture with a local partner, serves both its stores and aims to meet the growing demand for Coffee Island products in the retail sector across the country.
Currently, Coffee Island operates 495 stores in total, with a majority in Greece and others in countries such as Cyprus, the UK, Switzerland, Bulgaria, Spain, Romania, Hong Kong, the UAE, Canada, and soon India. By 2025, the company plans to expand further, with a store set to open in France and additional growth in other key markets.
With a turnover of €36.9 million in 2023 and a total system-wide turnover of around €130 million, Coffee Island is positioning itself to become a true multinational. The company has invested €8.4 million in its growth from 2021 to 2024 and shows no signs of slowing down as it takes its coffee to new global markets.
Source: Money Review
