Coffee Shops News
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Caffè Nero acquires 200 Degrees
The Nero Group aims to expand the Nottingham- based 200 Degrees brand as part of its growth strategy in the UK
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Costa reaches £1.2bn revenue
The 2023 figure represented an increase of £105m (9%) from £1.1bn in 2022, with the coffee business continuing to invest in new stores, renewing existing sites, and proposition development
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200 Degrees grows sales to £16.5m
The Nottingham-based coffee shop operator and roaster has opened three new stores in 2024
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Alma Café opens fifth site
The healthy eating brunch and coffee concept led by Bakhtiyar Sadigli has opened in Related Argent’s Author Building in Kings Cross
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Cooks Coffee achieves 26% increase in group sales
The Esquires operator, which trades from 83 coffee shops in the UK and Ireland, further reported a 36% uplift in UK store sales to £11.4m in the 26 weeks to 29 September
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Turnover surges at Blank Street
The New York-founded coffee shop chain, which launched in the UK in 2022, has reported a 517% turnover uplift to £11.4m in 2023
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Non-exec steps down at Cooks Coffee
Paul Elliot has stepped down as non-executive director, with immediate effect, with Gordon Robinson, UK based independent director, assuming Elliot’s previous role of chair of the audit committee.
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Pret coffee to be served in 1,000 A&W outlets in Canada
Pret has traded in Canada since July 2022, opening several concession sites within A&W QSR branches, before launching its first bricks-and-mortar outlet in Toronto in January 2024
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Derwent London launches all-day café concept
DL/ Service will be open to the public across four of Derwent’s buildings in Fitzrovia, Old Street and Whitechapel
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Starbucks CEO: ‘We weren’t always delivering’
In an open letter as he takes charge of the coffee giant, Brian Niccol says there are opportunities to improve overwhelming menus, inconsistent product, and long waiting times
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Cooks Coffee delivers 23% sales uplift
The Esquires operator further reported a strong pipeline of new stores to add to its 83-strong estate across the UK and Ireland
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Black Sheep Coffee achieving strong like-for-like growth
Same-store sales were up almost 13% last month, while the coffee shop operator has signed a franchise agreement for Northern Ireland, co-founder Gabriel Shohet tells MCA
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Redemption Roasters seeks new home after prison contract terminated
The social enterprise, which helps rehabilitate prisoners and prison leavers with barista and roasting skills, is leaving HMP The Mount after its fees were quadrupled
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Origins 1450 acquires The Gentlemen Baristas
The Qima Coffee parent company will build upon its UK footprint after acquiring The Gentlemen Baristas’ two sites and 12,000 sq ft roastery
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Scoffs Group aims for 400
The Costa Coffee and itsu franchise business is looking to reach the target within five years, with a minimum of 20 stores a year planned
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Honest CEO joins Espresso House
Thomas Kelly, who remains at Honest Burgers as chairman, is leaving to run the Nordic 500-strong premium coffee shop group
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Merrie England acquired by SkinnyBrands founder
The six-strong Yorkshire cafe chain has been acquired by local businessman Gary Conway who plans to expand it beyond its current footprint
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Starbucks replaces CEO
Laxman Narasimhan is being replaced by Chipotle CEO Brian Niccol, after the coffee chain’s sales failed to meet expectations, and activist investor Elliot acquired a stake in the company
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Bewiched Coffee sees strong LFL growth
The independent coffee shop brand, which has just opened its 19th site in Leamington Parade, has seen close to double-digit like-for-like sales growth across all dayparts
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Optimum Group sourcing new Costa sites
The Costa, Kaspa’s, and I am Doner franchisee is planning further openings for its coffee and doner businesses