Menu
08/07/2009
Jobs Threat As Coffee Republic Goes Into Administration
The coffee shop chain Coffee Republic has gone into administration following weeks of speculation about its future.
The group has 187 outlets in total in the UK and overseas, with 153 directly-employed staff based at its London head office and 127 at 20 group-operated outlets.
Administrators at KPMG have warned that job losses are "inevitable" at loss-making outlets.
KPMG hopes to sell on some of the company's profitable franchises and outlets.
Although the Coffee Republic Plc holding company has not gone bust, its three subsidiaries, Coffee Republic (UK), Coffee Republic Franchising Ltd and Goodbean Ltd have all been placed in administration.
Richard Hill, a restructuring partner at KPMG, said: "The recession is hitting discretionary spending on the high street and some of the less profitable bars with expensive leases have suffered.
"However, Coffee Republic has a strong brand and I expect considerable interest in the profitable parts of the business."
The chain was formed by brother and sister team, Bobby and Sahar Hashemi. It's first branch was opened in South Molton Street, London, in 1985.
Outside the UK, Coffee Republic has outlets in 10 other countries including Saudi Arabia and Bulgaria.
(JM/BMcc)
The group has 187 outlets in total in the UK and overseas, with 153 directly-employed staff based at its London head office and 127 at 20 group-operated outlets.
Administrators at KPMG have warned that job losses are "inevitable" at loss-making outlets.
KPMG hopes to sell on some of the company's profitable franchises and outlets.
Although the Coffee Republic Plc holding company has not gone bust, its three subsidiaries, Coffee Republic (UK), Coffee Republic Franchising Ltd and Goodbean Ltd have all been placed in administration.
Richard Hill, a restructuring partner at KPMG, said: "The recession is hitting discretionary spending on the high street and some of the less profitable bars with expensive leases have suffered.
"However, Coffee Republic has a strong brand and I expect considerable interest in the profitable parts of the business."
The chain was formed by brother and sister team, Bobby and Sahar Hashemi. It's first branch was opened in South Molton Street, London, in 1985.
Outside the UK, Coffee Republic has outlets in 10 other countries including Saudi Arabia and Bulgaria.
(JM/BMcc)
Related Northern Ireland Recruitment News Stories
Click here for the latest headlines.
08 February 2010
Centra Closure Costs Portadown Jobs
The burden of overheads and running costs - despite the fact that it served 7,500 customers a week - has led to the demise of a Portadown food shop - Centra of West Street. It has closed with the loss of 18 jobs with the proprietor James Taylor citing high costs as the main reason for the closure after a determined struggle to keep the doors open.
Centra Closure Costs Portadown Jobs
The burden of overheads and running costs - despite the fact that it served 7,500 customers a week - has led to the demise of a Portadown food shop - Centra of West Street. It has closed with the loss of 18 jobs with the proprietor James Taylor citing high costs as the main reason for the closure after a determined struggle to keep the doors open.
01 December 2011
Starbucks To Serve 5,000 New Jobs
Coffee Chain, Starbucks, is set to expand further in the UK and it is not just bringing the promise of a caffeine buzz with it but the hope of 5,000 job opportunities. Over the next five years the US coffee giant intends to expand the number of drive through coffee outlets it has in the UK bringing the number from nine to 200.
Starbucks To Serve 5,000 New Jobs
Coffee Chain, Starbucks, is set to expand further in the UK and it is not just bringing the promise of a caffeine buzz with it but the hope of 5,000 job opportunities. Over the next five years the US coffee giant intends to expand the number of drive through coffee outlets it has in the UK bringing the number from nine to 200.
08 August 2017
Belfast International Airport Expansion To Create New Jobs
Up to 70 new jobs are to be created at Belfast International Airport as part of a £2.5 million expansion announced by SSP, an operator of food and beverage outlets. It is understood that most of the new, full and part-time jobs, will be at existing airside outlets.
Belfast International Airport Expansion To Create New Jobs
Up to 70 new jobs are to be created at Belfast International Airport as part of a £2.5 million expansion announced by SSP, an operator of food and beverage outlets. It is understood that most of the new, full and part-time jobs, will be at existing airside outlets.
03 May 2017
Union Accuses Whitbread Of Breaching Its Own Human Rights Policy
Unite has accused hospitality giant Whitbread, owners of Premier Inn and Costa Coffee, of a flagrant breach of its own company human rights policy, and article 11 of the European Convention on Human Rights (ECHR) which includes the right to form and join a trade union of your choice.
Union Accuses Whitbread Of Breaching Its Own Human Rights Policy
Unite has accused hospitality giant Whitbread, owners of Premier Inn and Costa Coffee, of a flagrant breach of its own company human rights policy, and article 11 of the European Convention on Human Rights (ECHR) which includes the right to form and join a trade union of your choice.
14 June 2004
M&S Ballymena expansion to bring job increase
Marks & Spencer is set to bring over 100 new jobs to Northern Ireland with the completion of an expansion programme at its Ballymena store in Fairhill Shopping Centre. The number of employees at the Ballymena store currently stands at 106, and the announcement will take the number to 210 as a direct result of the ongoing development programme.
M&S Ballymena expansion to bring job increase
Marks & Spencer is set to bring over 100 new jobs to Northern Ireland with the completion of an expansion programme at its Ballymena store in Fairhill Shopping Centre. The number of employees at the Ballymena store currently stands at 106, and the announcement will take the number to 210 as a direct result of the ongoing development programme.
-
Northern Ireland WeatherToday:Very windy with persistent and occasionally heavy rain at first, becoming drier with the wind easing towards midday. Mainly dry with bright spells increasing during the afternoon. Milder than of late. Maximum temperature 14 °C.Tonight:Cloudy with clear spells, mainly dry evening becoming windy with rain at times from late evening. Turning drier with clear spells towards morning. Milder than of late. Minimum temperature 2 °C.
