Serbia’s Kafeterija acquires local competitor Loft in its first takeover, aiming for growth beyond its home market. Financial details undisclosed. Loft operates in Novi Sad, Serbia. Kafeterija plans regional expansion strategy with over 60 locations in Serbia and Montenegro. BlackPeak Capital supports Kafeterija’s growth in Southeast Europe.

Kafeterija, founded in 2013, generated revenue of RSD2.1bn ($21m) in 2024. Majority owned by Cyprus-based Kining Holdings Limited, with BlackPeak Capital holding the remaining share. Future goals include expanding to Bulgaria, Romania, and Hungary, reaching 150 outlets and €70m ($81m) in yearly sales.

News of the acquisition was originally reported by Verdict Food Service. The information provided is for general informational purposes only and should not be relied upon as professional advice. Accuracy and completeness are not guaranteed, seek specialist advice before taking any action based on the content.

Read more at Yahoo Finance: Serbian coffee chain Kafeterija acquires local rival Loft