Caffè Nero said sales have reached 87% of 2019 levels, and expected to reach sales levels of 90% in November.
Caffe Nero’s Gerry Ford is reported to have engaged Lazard to look at funding options for £150m of debt.
It is hoped that the creation of more experience of the ‘front line’ at board level will help to protect the DNA of the business
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The group has just opened its 36th site, The Rose Inn in Wokingham, following a £2.1m restoration and redesign project, with another 11 sites due to open before the end of 2023.
The late-night sector has struggled to fill vacancies since it reopened in July after many people left the industry due to the prolonged shutdown period during the pandemic.
Stephen Thomas, founder of Britain’s largest nightclub group Luminar, is making his return to the late-night sector with a new bar and nightclub business.
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