Coffee Republic's chairman and co-founder, Bobby Hashemi, will announce that like-for-like sales growth is back, after monthly declines of up to 10% last year, and interim losses are down when he reveals the company's interim results, according to the Financial Times.
Last week Caffe Nero withdrew a £10.1m cash offer for Coffee Republic, with the complaint that it had not been given full access to the company's books.
The Financial Times says Coffee Republic will be able to tell shareholders it has successfully renegotiated the terms of its borrowings with Barclays bank and is no longer facing a cash flow crisis.
Hashemi is also expected to say he plans to widen Coffee Republic's food offering and is looking to be in profit in the financial year to March 2004. He is said to be exploring the possibility of launching Coffee Republic coffee kiosks, the highest-margin way to sell coffee.
Last week Caffe Nero withdrew a £10.1m cash offer for Coffee Republic, with the complaint that it had not been given full access to the company's books.
The Financial Times says Coffee Republic will be able to tell shareholders it has successfully renegotiated the terms of its borrowings with Barclays bank and is no longer facing a cash flow crisis.
Hashemi is also expected to say he plans to widen Coffee Republic's food offering and is looking to be in profit in the financial year to March 2004. He is said to be exploring the possibility of launching Coffee Republic coffee kiosks, the highest-margin way to sell coffee.
