All Caffe Nero articles – Page 3
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NewsCaffè Nero reports strong Q1 sales
Sales in the four months to the end September 2022 were at 107% of pre-pandemic levels, with the coffee chain planning for seven new UK openings in Q2
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NewsCaffè Nero and Waitrose link up on loyalty
The coffee chain and the supermarket retailer have embarked on a new partnership which will see benefits offered to each other’s customers through a linked reward scheme.
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NewsCaffè Nero to roll out Just Eat delivery
Delivery will available at more than 400 stores, with the move part of an expansion of the brand’s ‘new channels’ strategy
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InterviewsCaffe Nero: Customers love delivery
Speaking at MCA’s Food to Go Conference, Caffe Nero’s UK UK CEO Will Stratton-Morris said a major positive to come out of the pandemic was its embrace of new sales channels
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NewsCaffè Nero resumes UK openings programme
Caffè Nero is to open two flagship airport sites within Stansted and Belfast airports, with six further store openings in the coming months
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NewsLast few tickets available for MCA’s Food to Go Conference
There is one week to go until the event on Wednesday 9 March at the Ham Yard Hotel in Soho, featuring itsu, Pret, Leon, Caffè Nero UK, Greggs, Tortilla and many more
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NewsCaffè Nero sales reach +90% of pre-Covid levels
The group achieved sales of £135.7m in the six months to November 2021 – an increase of 211% on the same period in 2020, with trade having strengthened further
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InterviewsGerry Ford: ‘A black cloud has been lifted from Caffè Nero’
“We were literally held hostage,” Gerry Ford said of the Issa brothers’ takeover bid, after Caffè Nero refinanced all of its debt, marking a new chapter for the group.
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NewsCaffè Nero completes £330m debt restructure
The refinancing effectively ends EG Group’s Issa brothers’ takeover ambitions of the chain
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NewsGerry Ford: Caffe Nero on 'road to recovery'
Caffè Nero said sales have reached 87% of 2019 levels, and expected to reach sales levels of 90% in November.
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NewsCaffe Nero hires advisers and seeks to refinance £150m debt
Caffe Nero’s Gerry Ford is reported to have engaged Lazard to look at funding options for £150m of debt.
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NewsHigh Court dismisses case against Caffe Nero’s CVA
The challenge was brought by Ronald Young, a Nero landlord who received financial support for his case from the Issa brothers.
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NewsLeon owner mulls sale
EG group, the petrol station and convenience-store chain which recently bought Leon, may put itself up for sale with a price tag of $15bn.
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NewsCaffé Nero directors took 35% pay cut in first lockdown
The directors of Caffé Nero took a 35% pay cut from April 2020, during the first lockdown, in order to try and preserve liquidity in the business, accounts to the company’s latest accounts for the year ended 31 May 2020.
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NewsCaffe Nero ‘cashflow positive for six months’
Caffè Nero has reported a sharp increase in sales over the past 13 weeks to close its financial year (31 May, 2021).
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NewsCaffè Nero expands at-home range at Sainsbury’s and Amazon
Caffè Nero has expanded its at-home range into Sainsbury’s and Amazon following a surge in its ecommerce sales.
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NewsLord Sugar challenges Caffe Nero CVA
Lord Sugar’s private commercial property group, Amsprop Investments, has lodged a legal challenge against Caffe Nero’s company voluntary arrangement (CVA), Sky News reports.
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NewsCaffè Nero founder pledges £5m ‘survival fund’ to see it through CVA
Caffè Nero founder Gerry Ford is pledging a £5m ‘survival fund’ to see the struggling coffee chain through its financial restructuring, Sky News reports.
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NewsCaffe Nero approves CVA amid takeover approach
Caffè Nero has approved its Company Voluntary Arrangement (CVA), including a modification that the company will ensure compromised creditors, including landlords, will have their arrears paid in full in the event that a sale of the group to the third party occurs within the next six months.
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NewsCaffè Nero rejects ‘disruptive’ EG Group bid
Caffè Nero will press ahead with its company voluntary arrangement after rejecting a last-minute takeover bid from petrol forecourt and fast food operator EG Group.