Bahrain's Arcapita to keep Caribou stake

DUBAI (Reuters) - Bahrain-based investment bank Arcapita said it plans to hold onto its 60 percent stake in U.S.-based Caribou Coffee as the specialty firm expands to compete with Starbucks Corp.. Asked at the Reuters Middle East Investment Summit in Dubai on Monday whether he planned to sell any shares in Caribou, Arcapita Chief Executive Atif Abdulmalik said: “Not yet ... we are still in the value creation phase.” Caribou is looking to expand in Asia, he said, declining to give further details.

United States of America · 25 Mar 2007

Linked: Caribou Coffee Company, Inc. · Arcapita