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All Caffe Nero articles – Page 4
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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.
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NewsEG Group eyes bid for Caffe Nero
EG Group, the petrol forecourt and fast food operator, is eyeing a takeover bid for Caffe Nero, Sky News reports.
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NewsCaffe Nero enters CVA
Caffe Nero entered announced it had entered into a Company Voluntary Arrangement (CVA) last night, blaming the second national lockdown.
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NewsCaffè Nero considers CVA
Caffè Nero is exploring a company voluntary arrangement (CVA) as it looks to respond to the ongoing impact of the coronavirus crisis, Sky News reports. Last month it was reported the business had hired KPMG to look at negotiating rent cuts, and whilst it is yet to make a final decision about the CVA it is expected in the coming weeks.
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NewsCaffè Nero hires KPMG to negotiate rent cuts
Caffè Nero has reportedly hired KPMG as it looks to negotiate rent cuts and review its property portfolio, Sky News reports.
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NewsKaren Jones: Why is it so important that hospitality wholeheartedly supports NHS Test and Trace?
So it’s a Bank Holiday weekend, pay day for many and the last EOTHO on Bank Holiday Monday. Many of our restaurants and pubs across the UK will be very busy and it seems an opportune moment to remind ourselves of the vital importance of all our places fully supporting NHS Test and Trace. Why is it so important that hospitality wholeheartedly supports NHS Test and Trace? Because hospitality offers safe spaces for people to enjoy being with friends and family. Because we are often at the centre of our communities and high streets. We have a real responsibility to keep our customers, our teams and our communities safe and well. NHS Test and Trace is a powerful way to do just that: collecting and providing the information to help break the chain of transmission and control the virus.
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Analysis & InsightThe rise and fall of Coffeesmiths Collective
One of the more intriguing growth stories of the past ten years, Coffeesmiths Collective is the latest business to begin insolvency proceedings, as parts of the business enter liquidation.
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NewsComptoir Libanais, Fuel Juice Bars and D&D London latest in sector reopenings
Comptoir Libanais, Fuel Juice Bars and D&D London are among the latest operators to reopen sites for delivery and takeaway this week.
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InterviewsWhat it’s like to operate in lockdown part six: Caffè Nero
Caffè Nero Group CEO Gerry Ford talks to MCA about the extent of necessary on-site safety protocols, the encouraging response from staff and consumers so far, and what the business plans to do next.
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NewsCaffè Nero launches delivery
Caffè Nero is to launch an all-new delivery service this month in an exclusive partnership with Uber Eats.
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NewsOperators continue to reopen for takeaway and delivery
Starbucks, Subway, Chipotle, Caffe Nero and Loungers are among the latest operators to reopen sites for delivery and takeaway services this week.