Coffee Republic Share Discussion Threads

[winning_streak] 07/7/2009 14:55

Is this a matter for The Fraud Squad now?

[winning_streak] 07/7/2009 14:33

Sounds like a plan - Lombard?

[crdirect] 07/7/2009 14:30

lets hope a creditor doesnt insist on their insolvency expert being involved too

[winning_streak] 07/7/2009 14:25

Word is Richard is a very good friend of Mr Breach!!!!

[winning_streak] 07/7/2009 14:10

If anyone has any information to pass over to KPMG - The team looking after it is based in Bristol with Richard Hill.

[winning_streak] 07/7/2009 13:58

Report the little bleeder!!!

[crdirect] 07/7/2009 13:54

thats why bartlett stripped his on friday.

is that insider knowledge

[winning_streak] 07/7/2009 13:45

Do the franchisees know so that they can get out what they can?

[crdirect] 07/7/2009 13:44

hammond
if you want to email me please do so

i am sorry you have lost your money ,i for one will make sure this does not go away without being investigated

dan

[winning_streak] 07/7/2009 13:39

Bit late Cyberpost - guess what will happen next? ~And, how much will the shareholders get back?

[winning_streak] 07/7/2009 13:35

Shareholders have been warned about the dodgy dealings in here for HOW long now????

[cyberpost] 07/7/2009 13:32

Tuesday, 7 July 2009 13:16 UK

Coffee Republic in administration

The coffee chain Coffee Republic has gone into administration, becoming the latest victim of the economic downturn.

Administrators at KPMG have warned that job losses are "inevitable" at loss making outlets.

The firm has 153 directly employed staff of whom 26 are based at its head office in London.

The group has 187 outlets in total in the UK including 70 franchisees. The rest are concessions in cinemas, hotels and retail outlets.

KPMG has been appointed to Coffee Republic (UK), Coffee Republic Franchising and Goodbean, although holding company Coffee Republic plc is not in administration.

Outside of the UK, Coffee Republic has outlets in 10 other countries including Saudi Arabia and Bulgaria. The chain opened its first branch in 1985 in South Molton Street, London.

Richard Hill, KPMG partner and joint administrator 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.

"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."

[winning_streak] 07/7/2009 13:30

Hope this is making you enjoy your cruise now JAF - Would you listen???? Paul Hammond - how are you this fine, bright day? Madre - did you PART with any money?

[winning_streak] 07/7/2009 13:27

Commenting on the appointment, Richard Hill, KPMG partner and joint administrator 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. 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."

Watch the slug now!!!!!!!

[daimonbok] 07/7/2009 13:22

A good comment on one the blogs "beware freeing yourself of debt often free's you of credit!"

[winning_streak] 07/7/2009 13:16

Not in the case of gooooood news though Dan - more to investigate with the shenanigans around your stitch up!!!

[crdirect] 07/7/2009 13:10

breakign news before a rns

typical

[dumbarton2] 07/7/2009 13:03

Breaking news...

[winning_streak] 07/7/2009 11:01

I hear there is a little man at the Sunday Times sitting on a goldmine of information - rolorobbins may be interested to speak to him........... I hear he is back in the office later on this afternoon .................

[crdirect] 07/7/2009 10:51

if only neil hume knew the half of it .
the december quote imo just made a excuse for their churning .

[crdirect] 07/7/2009 09:03

goes without saying