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Coffee Republic goes into administration
inspector_monkfish
Posts: 9,276 Forumite
LONDON (Dow Jones)--U.K. coffee bar and deli chain Coffee Republic (UK) Ltd. has been placed in administration and a number of the company's loss making outlets are expected to close, financial services firm KPMG said Tuesday.
"We will be doing whatever we can to find a buyer for the residual business as a going concern as quickly as possible, so interested parties will have to be prepared to move fast," Richard Hill, KPMG partner and joint administrator, said.
The company, a division of Coffee Republic PLC (CFE.LN), which is listed on the AIM exchange, suspended its shares on Monday.
"We will be doing whatever we can to find a buyer for the residual business as a going concern as quickly as possible, so interested parties will have to be prepared to move fast," Richard Hill, KPMG partner and joint administrator, said.
The company, a division of Coffee Republic PLC (CFE.LN), which is listed on the AIM exchange, suspended its shares on Monday.
Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
(MSE Andrea says ok!)
(MSE Andrea says ok!)
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These are the sort out lets that are sadly in the front line in this sort of climate. Tanning centres, nail bars and so many things spring to mind.0
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These are the sort out lets that are sadly in the front line in this sort of climate. Tanning centres, nail bars and so many things spring to mind.
tanning centres won't mind - they are all run by the underworld and used as cash laundering fronts..... :cool:Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
(MSE Andrea says ok!)0 -
Really??????????????????inspector_monkfish wrote: »tanning centres won't mind - they are all run by the underworld and used as cash laundering fronts..... :cool:0 -
God, pretty soon we will only have Starbucks, Costa Coffee, Caffe Nero and just a dozen or so other coffee houses every four shops on the high street. How will we cope?
(Top MSE tip: just make it in your office / home and pour it in to a Starbucks cup to make you look like a trendy monkey.)0 -
Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
(MSE Andrea says ok!)0 -
Ok boss...... think we got away with it!0
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So how much is a cup of coffee in those places?0
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Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
(MSE Andrea says ok!)0 -
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Poncy cups of coffe at £4 a pop?
It's a f*cking joke. And an indication of how pretentious and unsustainable our society and economy has become.
A boom-time business dependent on boom-time incomes.
I'll be glad to see the back of them and their ilk.
Better latte than never I suppose."The problem with quotes on the internet is that you never know whether they are genuine or not" -
Albert Einstein0
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