Major coffee chain goes underFurther gloom as Coffee Republic in administration
08 July 2009
Well-known coffee house chain Coffee Republic has become the latest victim of the economic climate after calling in the administrators.
The 20 Coffee Republic-operated shops - 10 in London, two in Birmingham and other outlets in Hove, Bluewater, Pembridge, Worcester, Manchester, Staines, Chester, and Canterbury – are being assessed for viability by administrators KPMG.
Check out our review of coffee machines to find out how easy it is to make your own great coffee. The Which? survey of high street shops will tell you the best places to buy your coffee machine.
Hope for Coffee Republic sale
Coffee Republic’s collapse means it joins other big names that have fallen victim to the recession, including Woolworths, MFI and Zavvi. Coffee Republic warned of administration last Friday and requested its shares to be suspended, despite clearing debts of
KPMG said it was expecting ‘considerable interest in the profitable parts’ of the Coffee Republic business.
Partner Richard Hill said: ‘We will be doing whatever we can to find a buyer for the residual business as a going concern as quickly as possible, so interested parties will have to be prepared to move fast.’
The Which? report of coffee shops compared three coffee chains - Costa, Starbucks and Caffe Nero - but there are many local independents that have been praises - why not take a look at Which? Local to see if you can find a coffee shop in your local area, as recommended by Which? members.
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