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07/07/2009
Jobs Threatened As Coffee Republic Goes Into Administration
The coffee shop chain Coffee Republic has gone into administration following weeks of speculation about its future.
The group has 187 outlets in total in the UK and overseas, with 153 directly-employed staff based at its London head office and 127 at 20 group-operated outlets.
Administrators at KPMG have warned that job losses are "inevitable" at loss-making outlets.
KPMG hopes to sell on some of the company's profitable franchises and outlets.
Although the Coffee Republic Plc holding company has not gone bust, its three subsidiaries, Coffee Republic (UK), Coffee Republic Franchising Ltd and Goodbean Ltd have all been placed in administration.
Richard Hill, a restructuring partner at KPMG, said: "The recession is hitting discretionary spending on the high street and some of the less profitable bars with expensive leases have suffered.
"However, Coffee Republic has a strong brand and I expect considerable interest in the profitable parts of the business."
The chain was formed by brother and sister team, Bobby and Sahar Hashemi. It's first branch was opened in South Molton Street, London, in 1985.
Outside the UK, Coffee Republic has outlets in 10 other countries including Saudi Arabia and Bulgaria.
(JM/BMcc)
The group has 187 outlets in total in the UK and overseas, with 153 directly-employed staff based at its London head office and 127 at 20 group-operated outlets.
Administrators at KPMG have warned that job losses are "inevitable" at loss-making outlets.
KPMG hopes to sell on some of the company's profitable franchises and outlets.
Although the Coffee Republic Plc holding company has not gone bust, its three subsidiaries, Coffee Republic (UK), Coffee Republic Franchising Ltd and Goodbean Ltd have all been placed in administration.
Richard Hill, a restructuring partner at KPMG, said: "The recession is hitting discretionary spending on the high street and some of the less profitable bars with expensive leases have suffered.
"However, Coffee Republic has a strong brand and I expect considerable interest in the profitable parts of the business."
The chain was formed by brother and sister team, Bobby and Sahar Hashemi. It's first branch was opened in South Molton Street, London, in 1985.
Outside the UK, Coffee Republic has outlets in 10 other countries including Saudi Arabia and Bulgaria.
(JM/BMcc)
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19 June 2009
Iran's Ayatollah Slams Britain As 'Most Treacherous Enemy'
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The supreme leader of Iran has slammed international criticism of the presidential election. In his first address to the nation since the biggest street protests broke out in the Islamic Republic's 30-year history, Ayatollah Ali Khamenei today accused the UK government of being among the "most treacherous" of Western powers.
20 July 2015
Woman Jailed For Smuggling Cocaine In Coffee
A 45-year-old Birmingham woman has been jailed for six and a half years after attempting to smuggle crack cocaine into the UK disguised as coffee beans. Maxine Spence, of Wheeler Street, Lozells, was arrested at Manchester Airport on 4 April 2014 after she arrived on a flight from Montego Bay, Jamaica.
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30 April 2013
Whitbread Announce UK Jobs Boost
Whitbread, the hotel and restaurant group, has said it plans to create 12,000 jobs in the UK over the next five years. According to Sky News, the group outlined its plans for expansion as it continues to see its profit increase. The group owns both Premier Inn and Costa Coffee and has created 3,000 UK jobs over the last year alone.
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Whitbread, the hotel and restaurant group, has said it plans to create 12,000 jobs in the UK over the next five years. According to Sky News, the group outlined its plans for expansion as it continues to see its profit increase. The group owns both Premier Inn and Costa Coffee and has created 3,000 UK jobs over the last year alone.
01 December 2011
Starbucks To Create 5,000 New Jobs
Coffee Chain, Starbucks, is set to expand further in the UK and it is not just bringing the promise of a caffeine buzz with it but the hope of 5,000 job opportunities. Over the next five years the US coffee giant intends to expand the number of drive through coffee outlets it has in the UK bringing the number from nine to 200.
Starbucks To Create 5,000 New Jobs
Coffee Chain, Starbucks, is set to expand further in the UK and it is not just bringing the promise of a caffeine buzz with it but the hope of 5,000 job opportunities. Over the next five years the US coffee giant intends to expand the number of drive through coffee outlets it has in the UK bringing the number from nine to 200.
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