Landlords set to challenge Caffe Nero rescue deal in court

Landlords set to challenge Caffe Nero rescue deal in court after bosses reject Issa brothers’ takeover approach By Matt Oliver For The Daily Mail Published: 23:08 GMT, 1 December 2020 | Updated: 23:08 GMT, 1 December 2020 Caffe Nero’s rescue deal faces a legal challenge from landlords after bosses rejected a late takeover approach from … Read more

Billionaire brothers buying Asda make a bid for Caffe Nero

Billionaire brothers buying Asda continue spending spree as they make a bid for struggling coffee chain Caffe Nero Zuber and Mohsin Issa of EG Group are reportedly trying to buy Caffe Nero Under the EG proposal, Caffe Nero’s landlords would receive all the rent arrears  It comes as Caffe Nero’s landlords are set to vote … Read more

Second coronavirus lockdown forces coffee chain Caffe Nero into Voluntary Arrangement

Caffe Nero on the brink of insolvency: Coffee chain blames second lockdown as it becomes latest High Street victim of pandemic The coffee chain was forced to put itself into a Company Voluntary Arrangement Founder Gerry Ford, 62, said second lockdown had pushed the company to act He now hopes to renegotiate rent agreements with … Read more

Coronavirus UK: Caffe Nero is on brink of rescue deal but loss-making branches face closure 

Lenders to Caffe Nero have brought in financial advisers ahead of a business restructure after being hit by the devastating effects of shutdown. Alcentra and Partners Group – which provide mezzanine debt to Caffe Nero, one of the country’s biggest coffee shop chains – have drafted in FTI Consulting to advise on the implications of … Read more

Prison van smashes into Caffe Nero and three are taken to hospital after driver suffers seizure

Prison van smashes into Caffe Nero and three are taken to hospital after driver suffers seizure Driver of the vehicle had a seizure just before ploughing into the building at 9am  Two escort staff and one prisoner were taken to hospital after the crash  The other prisoner in the van was accounted for and transported … Read more

Caffe Nero customer slams chain for £4 panini with ‘one strip of bacon and a quarter of a sausage’

Fuming Caffe Nero customer slams coffee chain for serving £4 all-day breakfast panini with ‘one strip of bacon and a quarter of a sausage’ Rosanne Emma Hassall was given panini containing a few tiny fragments of meat She ordered the ‘all day breakfast egg, bacon and sausage’ at Manchester airport Picture shows panini with shredded … Read more

Caffe Nero owner to open dozens of new outlets despite growing losses

Caffe Nero owner to open dozens of new outlets despite growing losses By Daily Mail City & Finance Reporter Published: 23:59 BST, 15 December 2019 | Updated: 23:59 BST, 15 December 2019 The owner of Caffe Nero is poised to open 80 new outlets next year. The business, which also owns Harris + Hoole, Coffee … Read more