Cafes and Coffee Shops
The latest news and updates on cafes and coffee shops, from the business journalists at Catering Today. We bring you the latest on what’s happening in the restaurants, bars and catering industry, with exclusive stories, analysis, best practice and industry comment.
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Aug- 2020 -5 August
CMA clears Amazon’s Deliveroo investment
The Competition and Markets Authority (CMA) has approved Amazon’s 16% investment in Deliveroo, after finding that it will not “substantially lessen competition”. Under the deal, Amazon will acquire 16% of Deliveroo as the lead investor in a $575m (£438m) funding, which was first announced last year. At that point the…
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Jul- 2020 -29 July
Starbucks sales slump amid Covid-19
Starbucks has announced that global comparable store sales plummeted 40% in the quarter ended 28 June, driven by a 51% decrease in comparable transactions, though partially offset by a 23% increase in the average ticket. Consolidated net revenues slumped by 38% to $4.2bn (£3.24bn) against the prior year, primarily due…
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27 July
Creams welcomes ‘record’ sales
Creams has welcomed a “strong performance” in the full-year ended 31 March 2020, with group sales up by 3% year-on-year to £43.4m. The dessert chain welcomed the results against the backdrop of a “challenging” period in the casual dining market in light of the “severe” impact of Covid. In its…
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10 July
Cereal Killer Cafè closes two London sites
The founders of the Cereal Killer Cafè have announced the permanent closure of two of their London sites, attributing the coronavirus lockdown and industry uncertainty to the decision. In a statement posted on Facebook, brothers Alan and Gary Keery said they would be saying “Cheerio” to their cafes, “for now”,…
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Jun- 2020 -30 June
Caffè Nero to reopen 400 stores to eat in from 4 July
Caffè Nero has announced it will reopen 400 stores for eat-in from the 4 July. The stores will open with protocols in place to ensure its employees and customers remain safe and in accordance with government advice and social distancing guidance. The stores will offer Caffè Nero’s coffee and other…
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25 June
Pret a Manger to pay just 30% of rent payments next quarter
Pret a Manger will pay only 30% of its rent over the next quarter after it warned it does not have “sufficient funds” to pay the bill in full. In a letter to landlords seen by the Evening Standard, chief executive Pano Christou warned landlords that the chain was in…
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18 June
Costa to reopen 1,100 sites by July
Costa Coffee has announced that at least 1,100 of its stores will reopen across the UK by the end of June. The group said the move marks a “huge milestone” in the brand’s reopening plans, with more locations becoming available for takeaway or drive-thrus. Heightened safety measures will be implemented…
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15 June
Caffe Concerto to reopen select stores in shopping centre
Caffe Concerto will reopen stores inside Westfield shopping centres and Brimingham’s Bullring from today (15 June). Jacinta Rowsell, general manager of the 2.6 million square foot Westfield sites, said the company has ensured social distancing measures and other precautions are in place to keep shoppers and the 20,000-strong workforce safe.…
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10 June
Veggie Pret sites to reopen this week amid pandemic
Pret A Manger has announced the reopening of its Veggie Pret stores across the UK this week, with the majority offering delivery for the first time. All 10 locations, which include nine London sites and one Manchester store, will reopen tomorrow (11 June), having closed since March amid the Covid-19…
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May- 2020 -21 May
Caffè Nero partners with Uber Eats to launch delivery service
Coffee chain Caffè Nero has announced its partnership with Uber Eats to offer a delivery service for the first time amid the Covid-19 lockdown. The exclusive partnership with Uber Eats will enable the coffee chain to deliver to customers from over 40 stored by the end of May. Through the…
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