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By M&C Report team2011-10-25T13:59:00+01:00
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.
Bob Ivell says he is often asked by friends why he hasn’t retired by now. For the Mitchells & Butlers (M&B) non-executive chairman, the answer is simple: ‘We have +1,700 of the best pubs and restaurants in the UK – why would I want to?’
Caffè Nero has reported a sharp increase in sales over the past 13 weeks to close its financial year (31 May, 2021).
Boparan Restaurant Group believes there is scope to grow its adapted concept Caffè Carluccio’s to 500 sites over the next five years.
The Real Eating Company is looking to open more than 15 additional sites over the next three years, building its estate to 25 café-coffee shops, founder and managing director Helena Hudson told MCA.
Asahi has acquired Allpress, the speciality coffee company with a presence in the UK, New Zealand Australia, Japan and Singapore.
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