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UK coffee Festival sold

The UK-based William Reed Business Media, has acquired The London Coffee Festival from the 24-year-old, privately-owned Allegra Group. Reed already owns a stake in Allegra’s authoritative, research-based World Coffee Portal. So, in some ways, the acquisition represents a collaboration between its hospitality and retail market expertise and Allegra’s coffee information. It is believed that the Festival (which takes place at London’s Truman Brewery in April) has annual revenue of ¬£2-3m.

William Reed Business Media