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Press Releases
Caffe Nero will open a new flagship store at Stansted airport and resume its U.K. new store openings programme
Caffe Nero will open new stores in Stansted and Belfast Airports this summer A further 6 new store openings are scheduled in the coming months Caffè Nero is actively considering more new sites to restart its new store openings programme Premium European coffee house brand Caffè Nero has announced it…
Read MoreCaffè Nero produces a strong half-year recovery, after a challenging year with Covid-19 restrictions
Current Trading Premium coffee house brand Caffè Nero today announced robust trading for its half-year (June 2021-November 2021), including strong like for like sales growth. The Company also announced that its sales during the Omicron period (December 2021-January 2022) were resilient at 82% of normal trading (FY19). In fact, trading…
Read MoreCaffè Nero buys Brain’s Minority Stake in Coffee#1
The Nero Group (“The Group”) today announces that it has reached an agreement to acquire SA Brain’s remaining 33% stake in Coffee#1. The Group and one of its supportive shareholders originally bought 67% of Coffee#1 in 2019 from owner S.A. Brain, the Welsh Brewery. Coffee#1 operates across Wales, the Midlands…
Read MoreCaffè Nero Refinances Its Debt and Establishes a New Growth Platform
Premium coffee house brand Caffe Nero today announces the completion of the refinancing of all its debt. The Caffè Nero Group (“The Group”) has entered into a new debt agreement with Carlyle, HSBC and Santander. The six-year loan of approximately £330m also has with it additional facilities of £85m available…
Read MoreCaffè Nero’s Strong Trading Recovery Continues
Caffè Nero has had 11 consecutive months of positive cashflow Sales increased by 160% from January 2021 – October 2021 Sales are now c. 87% of pre-Covid levels New channels and customer numbers are building rapidly The company intends to open dozens of new stores in the coming 12 months…
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