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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Jan- 2019 -21 January
Patisserie Valerie future uncertain as talks with bankers continue
The future of embattled cafe chain Patisserie Valerie is still unknown as the company revealed today (Monday 21 January) that it was still in discussions with bankers. Following an investigation by forensic accountants, the company realised its accounts showed signs of “significant manipulation” of the balance sheet and profit and…
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18 January
Lee Ginsburg resigns from Patisserie Valerie board
Lee Ginsburg, non-executive director and deputy chairman of Patisserie Valerie, has resigned from the board just a day after it was revealed that the company’s financial troubles appeared to be in a worse condition than initially thought. He resigned with immediate effect and the company confirmed his departure in a…
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17 January
Patisserie Valerie financial woes worse than expected
Forensic accountants have uncovered “significant manipulation” within Patisserie Valerie’s accounts, suggesting its financial troubles are more extensive than first thought. The company said the work carried out by its forensic accountants since “potentially fraudulent” accounts were discovered in October has revealed that the “misstatement of its accounts was extensive, involving…
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15 January
Island Social Club to open at Curio Cabal
Island Social Club has announced it is to take up a 35-cover permanent residency at exhibition space and coffee shop Curio Cabal, located in London’s Haggerston from 7 February. The Caribbean social club and restaurant will offer 50% off food on the day of its launch at its first permanent…
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15 January
Patisserie Valerie director resigns with immediate effect
James Horler, the non-executive director of crisis hit cafe chain Patisserie Valerie, has resigned from his role with immediate effect. The company confirmed the news and said Horler had stepped down to “focus on his role as chief executive officer at another business”. He has extensive experience in the hospitality…
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11 January
US coffee chain Roasting Plant to open first UK outlet
US coffee chain Roasting Plant is set to open its first UK outlet on 16 January, located between London Bridge and Borough market. The outlet will feature the chain’s ‘Javabot’ tubes for preparing coffee without a barista. The tubes fire coffee beans through plastic tubes to a roaster through to…
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9 January
Greggs reports a ‘strong finish’ to 2018
High street bakery Greggs said it had a “strong finish” to 2018 as it reported its total sales for the year were up by 7.2% for the 52 weeks ended 29 December 2018. This follows a year of “significant strategic progress” where the company saw 149 new shops opened in…
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7 January
Whitbread’s Costa sale to Coca-Cola given green light
Whitbread’s sale of Costa to Coca-Cola has been cleared by the EU, the clearance means the £3.9bn deal is expected to be completed this month. The sale of Costa will see a £500m share buyback programme triggered which will see “a significant majority of the net proceeds to shareholders”. The…
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3 January
Crussh to turn Soho store 100% plant-based for Veganuary
Crussh Fit Food & Juice Bars is set to turn its Soho store on Broadwick Street into a 100% plant-based outlet for the entire month of January as part of Veganuary. Opening Thursday 3 January, the Soho pop-up is set to boast over 70 vegan recipes, with highlights including the…
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Dec- 2018 -20 December
Glamping business opens first cafe
A Northamptonshire glamping company has completed its next phase of expansion as it opens the doors to a new onsite café. After launching the business, named Country Bumpkin in Great Oxendon in June 2017, childhood friends and owners Jenny Lyon and Lara Collis opened the new cafe last month to…
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