Mikel Coffee Company

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Mikel Coffee Company
TypeS.A.
IndustryRestaurants
GenreCoffee house
Founded2008
FounderEleftherios Kiriakakis[1]
Headquarters
Larissa
,
Greece
Number of locations
300+(2020)
Area served
Greece, Cyprus, United Arab Emirates, United Kingdom, Australia, United States, Bulgaria, Saudi Arabia, Egypt, Romania, Canada, Turkey, North Macedonia, Kuwait, Oman
Key people
Eleftherios Kyriakakis (Chairman & CEO)
ProductsCoffee
Tea
Pastries
Frappuccino beverages
Smoothies
ServicesCoffee
RevenueIncrease€33.439 million (2014)[2]
Increase€12.133 million (2014)[2]
Number of employees
3000 (2020)
Websitewww.mikelcoffee.com

Mikel Coffee Company, or Mikel, is a rapidly expanding Greek coffeehouse chain, whose network consists of more than 310 coffee shops in 15 countries throughout the globe.[3][4]

History[]

MIKEL launched its first coffee store in 2008 in the city of Larissa.[3] In the years that followed, MIKEL gradually expanded throughout Greece with the city of Volos being the starting point.[3] As of recently, MIKEL has expanded beyond Greece, launching its first coffee store in the United Arab Emirates in 2016.[5] The company has already opened four stores in Dubai and imposed itself as an important competitor in its sector.[6][7] As of March 2018, the company has also begun operating in London.[8] As of August 2018, the company has also opened their first store in Australia. As of September 2018, the company has also opened their first store in U.S.A.[9] Since then, the company has established a presence in many Middle East countries and elsewhere.

Company Milestones:

2008: The first Mikel store opens in Larissa.

2010: Establishment of Georgia Fresh Flavors

2011: Establishment of Mikel Coffee Company S.A.

2012: Creation of Mikel Franchise network with 10 franchise stores

2013: Mikel stores reach 60. First store in Athens.

2014: 100 Mikel stores all over Greece.

2015: Establishment of the UK based Mikel Coffee Company Ltd. based in London and aimed at international development.

2016: Mikel enters the United Arab Emirates market where there are 4 stores.

2017: Completion of Master Franchise agreement in Cyprus, with 24 branches.

2018: Openings in the UK (London), Australia (Sydney), United States (Southampton, MA) and Bulgaria.

2019: Openings in Saudi Arabia (Jeddah) and Egypt (Cairo). Counting 240 stores worldwide.

2020: Openings in Romania, Turkey, Canada and North Macedonia.

2021: Openings in Kuwait and Oman.

2022: Counting 321 stores worldwide.

Brand[]

The brand name, stylized as "MIKEL," stands for "Maybe it's knowledge entering life", the company's motto.[3] The brand logo features the father of its founder, Eleftherios Kyriakakis.[3]

Locations[]

As of January 2022 there were 321 stores in the following 15 countries

Country Number of stores
Greece 264
Cyprus 25
Turkey 6
Saudi Arabia 4
United Arab Emirates 3
Bulgaria 3
United Kingdom 3
United States 3
Australia 2
Canada 2
North Macedonia 2
Romania 1
Egypt 1
Kuwait 1
Oman 1

References[]

  1. ^ "Η Εταιρεία - Mikel Coffee Company". Mikelcc.gr. 2015-12-15. Retrieved 2016-01-08.
  2. ^ a b "Ι΢ΟΛΟΓΙ΢ΜΟ΢ ΥΡΗ΢Η΢ 2014 (01-01-2014 ΔΩ΢ 31-12-2014) ΜΙΚΔΛ ΚΑΦΔ ΑΔ" (PDF). Mikelcc.gr. Retrieved 2016-01-08.
  3. ^ a b c d e "Η Εταιρεία - Mikel Coffee Company". Mikelcc.gr. 2015-12-15. Retrieved 2016-01-08.
  4. ^ Mourdoukoutas, Panos. "Greece's Competitive Advantage". Forbes. Retrieved 2018-07-25.
  5. ^ "CoffeeBI - Mikel Coffee Company to Expand in UAE". CoffeeBI. 2017-06-26. Retrieved 2018-01-16.
  6. ^ "Forbes: Greek Start-up Mikel Cause Competition Problems to Starbucks in Dubai". The National Herald. 2017-05-02. Retrieved 2018-01-16.
  7. ^ Mourdoukoutas, Panos. "Starbucks' Little Greek Problem In Dubai -- Mikel". Forbes. Retrieved 2018-01-16.
  8. ^ "Mikel: Premiere in London - All five continents within the next 60 days" (in Greek).
  9. ^ "Starbucks' Greek Problem In Australia: Mikel Coffee Community".
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