We believe that the Company’s authentic Southern California brand heritage and global resonance provides a strong base for the future.”
Jung-Hun Ryu, President at Mirae Asset Private Equity, added, “We are excited to partner with Advent, CDIB Capital, and the Sassoon family to continue the rapid growth of this business. We see many significant opportunities for The Coffee Bean in Asia and the U.S., and are excited to work to support this future growth.”
Sunny Sassoon continues as Executive Chairman of the Board and Victor Sassoon remains as CEO of the Asia Pacific.