La Mama restaurant chain takes out 2.5m-euro credit

La Mama chain of restaurants, which also controls the Cafepedia coffee shop, took out a 2.5 million-euro credit aimed at funding the company’s development, La Mama representatives announced. The company announced its intention to open four new La Mama restaurants and four coffee shops under the Cafepedia brand, both in and outside Bucharest. Some of them will be company-owned, while some will be franchised. La Mama currently has one coffee shop and six restaurants in Bucharest, while the investment needed for one restaurant amounts to around 400,000 euros, according to the company’s previous estimates. The restaurant chain last year posted a 5.5 million-euro turnover, and year officials target a 10m-euro business for this.