Coffee Shops News – Page 12
-
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.
-
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.
-
NewsPret coffee sub ‘saved many jobs’
Pret A Manger’s coffee subscription has surpassed expectations four-fold so far, and allowed the brand to tap into a new younger consumer base. Pret UK food and coffee director Briony Raven told MCA the good value of the offer, which entitles subscribers to up to five drinks a day for ...
-
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.
-
NewsBlack Sheep presses ahead with expansion
Black Sheep Coffee is pressing ahead with its ambitious expansion plans with a new opening in Battersea Power Station.
-
NewsReal Eating Co debuts in London
The Real Eating Company has secured its debut site in London, on the former Eat site on 82 Kings Road, Chelsea.
-
NewsCosta franchise eyes expansion
A Costa Coffee franchise based in the North of England has announced plans to expand after securing a substantial financing facility from HSBC.
-
NewsBoston Tea Party has ‘considerable cash cushion’
Boston Tea Party is trading materially ahead of its forecasts, its latest financial report reveals.
-
NewsPret announces next wave of job cuts
Pret has announced it is to close a further six stores and place up to 400 jobs at risk of redundancy in response to the expected challenges of the coming months.
-
NewsChaiiwala signs deal with Domino’s franchisees
Indian street food café franchise Chaiiwala has signed an area agreement to roll out 10 new sites in Birmingham.
-
NewsPure to enter CVA
Healthy to-go brand Pure is set to enter a company voluntary arrangement (CVA), the Times reports.
-
NewsSourced Market makes regional debut in Leeds
Sourced Market has opened at Leeds Skelton Lake Services, the new M1 service station from Extra MSA Group.
-
NewsSoho Coffee makes rail debut with TRG
Soho Coffee Co is partnering with The Restaurant Group to open in Liverpool Street Station.
-
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.
-
NewsLeon announces ‘unlimited’ coffee offer
Leon has followed Pret’s lead with an ‘unlimited’ coffee offer of £15 for 30 days, which aims to get office workers back into the city.
-
NewsPret to launch in-shop coffee subscription service
Pret is set to launch an in-shop coffee subscription service next week.
-
NewsCosta warns 1,650 jobs at risk
Costa has warned up to 1,650 jobs could be at risk of redundancy due to “high levels of uncertainty” as to when trade will return to pre-coronavirus levels.
-
NewsCosta launches ‘post-coronavirus’ store
Costa has launched its debut ‘post-coronavirus’ store on London’s Argyll Street.
-
NewsHalf of consumers fear for the future of their coffee shops
Going for a coffee was the second most popular thing to do after visiting family and friends once the lockdown was lifted, according to research from Allegra World Coffee Portal. It said 55% of respondents had visited a café or coffee shop since the restrictions were eased, behind 69% who ...
-
NewsStarbucks sales slump
Starbucks has reported a 40% fall in global sales as a result of the coronavirus, though average orders increased in value by 23%. “Since the beginning of the covid-19 outbreak in January, we have taken a principled approach to navigate the crisis,” said president and CEO Kevin Johnson. “Every step of the way, we have thoughtfully addressed the needs of Starbucks stakeholders and are particularly proud of the industry-leading investments we have made to support our partners while creating a safe, familiar and convenient experience for our customers.