Fore Coffee sharpens business strategy to achieve profitability

Quick Summary:

Indonesian coffee chain startup Fore Coffee revealed the secrets behind its recent positive EBITDA achievement for Q3 2021, one of them being cutting off its promotional budget by up to 50 per cent.

Under the leadership of Co-Founder & CEO Vico Lomar, Fore Coffee has been reviewing its business strategy.

Apart from that, Fore Coffee stated that about 50 per cent of its non-functional outlets were badly hit by the pandemic in 2020-2021.

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Article Details

Author / Journalist: Anisa Menur

Category: StartupsTechnology

Markets: SingaporeIndonesia

Topics: Fore Coffee Coffee Coffee chain Startups Coffee shop

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-18 @ 04:27:40 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: e27.co

Language: English

Article Length: 734 words

Reading Time: 5 minutes read

Sentences: 1 lines

Sentence Length: 734 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © e27

News ID: 22121132

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About e27

Main Topics: StartupsTechnology

Official Website: e27.co

Update Frequency: 5 posts per day

Year Established: 2006

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News Last Updated: 9 hours ago

Coverage Areas: Singapore

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Publisher ID: #10

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