BNET Industries
Last Fiscal Year Sales:$300.0M
- Private
- US
Dow Jones Description
New World Coffee is a division of New World Restaurant Group, Inc. New World Coffee consists of franchised and company-owned stores.
Number of Employees 2,999
Contact Information
100 Horizon Center Blvd
Hamilton, New Jersey 08691
1 609 631 7000
Peer Companies
NAICS Code Drinking Places (Alcoholic Beverages): 722410
News & Analysis
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new world coffee - All News and Analysis
New World Coffee Explores Acquisition Of Country's Largest Bagel Chain.(Einstein/Noah's Bagel Corp.)(Brief Article)
Hoping to become what it calls "the Starbucks of the [bagel] industry," New World Coffee-Manhattan Bagel, Inc., Eatontown, NJ, the country's second-largest bagel chain, is exploring the idea of acquiring the industry's biggest chain, Einstein/Noah's Bagel Corp., Golden, CO, reports The Wall Street Journal (Dec. 7)....
New World Coffee Primed for Chesapeake Bagel Buy.
New World Coffee-Manhattan Bagel, Inc., signed an agreement to acquire Chesapeake Bagel Bakery from Atlanta-based AFC Enterprises (Seattle Coffee Company's parent company). If the deal goes through, the combination will make New World's Manhattan Bagel subsidiary the second largest company in the retail bagel industry with...
New World Coffee's new name means new game
NEW YORK -- Attempting to distinguish itself from the herd of bagel chain operators and the ubiquitous Starbucks, New World Coffee has effected a name change and a new marketing strategy in launching a prototype that blends bagels and coffee in an all-day format. Ramin Kamfar, the 33-year-old...
New World Coffee to test franchise waters
NEW YORK -- Specialty coffee operator New World Coffee Inc. announced its first franchising campaign with plans to add 30 franchises by year-end. The company hopes to generate new revenues, expand and develop its brand identity and fill in the franchise niche ignored by competitor Starbucks.
New World Coffee reports results for the third quarter and nine months ended September 29, 1996
NEW YORK--BUSINESS WIRE--November 6, 1996--New World Coffee Inc. (NASDAQ:NWCI), which operates 36 espresso bars in the Northeast, today announced results for the third quarter and nine months ended September 29, 1996 compared to the equivalent period last year, ended October 1, 1995. Results for the quarter and...
New World Coffee announces 1997 growth plans, two new markets
HOUSTON--BUSINESS WIRE--Sept. 20, 1996--New World Coffee Inc. (NASDAQ:NWCI) said today it expects to achieve significant net income profitability, to have eighty stores in operation and be in two new markets by year-end 1997.In a presentation before the Regional Investment Bankers Association in Houston, Ramin Kamfar, president and chief executive officer...
New World Coffee announces Connecticut as a new market, purchases Ridgefield Coffee; expects up to ten additional sites in Connecticut through 1997
NEW YORK--BUSINESS WIRE--Aug. 5, 1996--New World Coffee Inc. (NASDAQ:NWCI), announced today it has entered into the Connecticut market through the acquisition of Ridgefield Coffee Company.The company said if purchased Ridgefield Coffee, which operates a 1600 square foot store in Ridgefield, Conn., with annual revenues of approximately $600,000 and over 20%...
New World Coffee announces senior management appointments; names Bruce Morningstar VP-Real Estate and Development, John DeNapoli VP-Operations
NEW YORK--BUSINESS WIRE--July 22, 1996--New World Coffee, Inc. (NASDAQ:NWCI) today announced the appointments of Bruce Morningstar, formerly of Starbucks Corporation, as Vive President of Real Estate and Development, and of John DeNapoli, formerly of Boston Market Restaurants, as Vice President of Operations.Bruce Morningstar brings over eighteen years of real estate...
New World Coffee opens new prototype store; Newly designed, 7-day residential store opens in Park Slope, Brooklyn
NEW YORK--BUSINESS WIRE--July 16, 1996--New World Coffee Inc. (NASDAQ:NWCI) today announced the opening of its newly designed, larger and more efficient prototype coffee bar operating extended hours, seven days a week, in the residential/shopping area of Park Slope in Brooklyn, N.Y.The new store, which began operations on June 28, has...
New World Coffee reports completion of private placement financing; $3.75 million equity financing for acquisitions and expansion
NEW YORK--BUSINESS WIRE--July 1, 1996--New World Coffee Inc. (NASDAQ:NWCI) today announced the completion of a $3.75 million private placement equity financing for pending acquisition and expansion purposes.The placement was done entirely with institutional investors and was oversubscribed.Ramin Kamfar, New World Coffee's president and chief executive officer, stated: "We are...
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