Billionaire Issa brothers who bought Asda for £7bn look poised to make a takeover bid for Caffe Nero

Billionaire Issa brothers who bought Asda for £7bn look poised to make a takeover bid for Caffe Nero after buying up £140m of the chain’s debt Mohsin, 49, and Zuber Issa, 48, could be due to make takeover bid for Caffe Nero The billionaire brothers have bought around £140m of the company’s debt Caffe Nero … Read more

Billionaire Issa brothers who bought Asda for £7bn look poised to make a takeover bid for Caffe Nero

Billionaire Issa brothers who bought Asda for £7bn look poised to make a takeover bid for Caffe Nero after buying up £140m of the chain’s debt Mohsin, 49, and Zuber Issa, 48, could be due to make takeover bid for Caffe Nero The billionaire brothers have bought around £140m of the company’s debt Caffe Nero … Read more

Caffè Nero staff switch sell-by dates to make gone-off food appear fresh

Caffè Nero staff reveal they switch sell-by dates to make gone-off food appear fresh – with one customer sold a mouldy cake that should have been binned a MONTH before Six former and present staff at Caffè Nero admitted changing dates on food They said managers wanted to earn bonuses based on low food wastage … Read more

Caffè Nero staff switch sell-by dates to make gone-off food appear fresh

Caffè Nero staff switch sell-by dates to make gone-off food appear fresh – with one customer sold a mouldy cake that should have been binned a MONTH ago Six former and present staff at Caffè Nero admitted changing dates on food They said managers wanted to earn bonuses based on low food wastage Comes after … Read more

Landlords set to challenge Caffe Nero rescue deal in court

Landlords set to challenge Caffe Nero rescue deal in court after bosses reject Issa brothers’ takeover approach By Matt Oliver For The Daily Mail Published: 23:08 GMT, 1 December 2020 | Updated: 23:08 GMT, 1 December 2020 Caffe Nero’s rescue deal faces a legal challenge from landlords after bosses rejected a late takeover approach from … Read more

Billionaire brothers buying Asda make a bid for Caffe Nero

Billionaire brothers buying Asda continue spending spree as they make a bid for struggling coffee chain Caffe Nero Zuber and Mohsin Issa of EG Group are reportedly trying to buy Caffe Nero Under the EG proposal, Caffe Nero’s landlords would receive all the rent arrears  It comes as Caffe Nero’s landlords are set to vote … Read more

Second coronavirus lockdown forces coffee chain Caffe Nero into Voluntary Arrangement

Caffe Nero on the brink of insolvency: Coffee chain blames second lockdown as it becomes latest High Street victim of pandemic The coffee chain was forced to put itself into a Company Voluntary Arrangement Founder Gerry Ford, 62, said second lockdown had pushed the company to act He now hopes to renegotiate rent agreements with … Read more

Coronavirus UK: Caffe Nero is on brink of rescue deal but loss-making branches face closure 

Lenders to Caffe Nero have brought in financial advisers ahead of a business restructure after being hit by the devastating effects of shutdown. Alcentra and Partners Group – which provide mezzanine debt to Caffe Nero, one of the country’s biggest coffee shop chains – have drafted in FTI Consulting to advise on the implications of … Read more