Tchibo acquires first factory outlet store

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[Industry News]

12 February 2007

Tchibo has acquired its first factory outlet unit at Springfields Factory Outlet Centre, Spalding, Lincolnshire.

The company has taken a ten-year lease on the 2,150 sq ft (200 sq m) ground-floor unit, at an annual rent of (the greater of) 53,750 or 10% of turnover.

www.tchibo.com