James Horler, chief executive of 3Sixty Restaurants, has becomes non-executive chairman of the London-based coffee shop and wine bar concept Notes, MCA has learnt.
The former La Tasca chief executive and current Ping Pong chairman joins the nine-strong group, as it is believed to be gearing up to launch a further round of fund raising through crowdfunding.
Last March, the company secured a £600k loan from OakNorth, which led to them opening two sites in Angel Court in the City and at the Nova development in Victoria.
The company said that the infrastructure investment (in the form of the central production facility) would ensure that the company could cope with up to 20 sites plus enable it to significantly grow the amount of third party sales through its roastery.
Launched in 2010, Notes also has sites in Trafalgar Square, Moorgate, Kings Cross, Canary Wharf Underground Station, Canary Wharf Crossrail station, and The Gherkin.
The company also supplies over one tonne of coffee per month to third party buyers – independent coffee shops around the UK and Europe. Following increased demand from its webshop, Notes launched a new subscription-based webshop in June 2015 to extend reach into the home-brew market.
During the summer of 2015, Notes raised c£900k against a £600k target on Crowdcube.