Coffee Republic Share Discussion Threads

[winning_streak] 08/7/2009 10:57

And you would know comrade wouldn't you? How is that?

[winning_streak] 08/7/2009 10:52

"negotiations" probably been done prior to suspension imo. Far too quick this - has to be though before any proper investigations are done.

[pigboy] 08/7/2009 10:49

CRD

If you can renegotiate the head leases on the underperforming shops to make them profitable and buy the business as going concern this would make good sense - then you get to keep all the tax losses.

I bet there has been some fast and furious negotiation at present - this would be attractive to a larger concern as they could then utilise the losses brought forward. This is only ever viable if the head leases can be sorted, else you'll be left with a load of lame ducks.

[crdirect] 08/7/2009 10:05

funny how mr hill is in bristol where breach is from ,why dont they use a london administrator .
mr breach bankign ex director kpmg ,stinks to high heaven

[smelgy] 08/7/2009 08:18

...........2 lattes and 20 Woodbines please! LOL!

[paulmhammond] 08/7/2009 07:57

KPMG Restructuring, administrator to Coffee Republic, is planning to complete the sale of the coffee bar and deli chain by the end of next week.

Richard Hill of KPMG said he hoped to sell the brand, the company-operated outlets and the franchise operation. "The phone has been ringing from interested parties, including some well-known names," he said, with the most interest coming from existing coffee bar operators.

The deadline for expressing an interest has been set for Monday. A preferred buyer should be chosen by Wednesday, followed by completion on Friday.

Shares in Coffee Republic were suspended on Aim on Friday "pending clarification of the financial position of certain subsidiaries". Yesterday the administrators were appointed to three of the operating subsidiaries, covering a total of 187 UK and overseas outlets and franchises.

The first Coffee Republic was opened in London's South Molton Street by Bobby Hashemi and his sister in 1995. After floating on Aim, it attracted attention from figures such as Stelios Haji-Ioannou of EasyJet and Julian Richer of Richer Sounds, and was looked at by Benjys, the sandwich retailer, and Caffè Nero. Mr Hashemi rejected Caffè Nero's £10m indicative offer as too low.

Mr Hashemi, who still owns a 2 per cent stake, was ousted from the board in 2006 after a shareholder revolt. Rule 36 on entrepreneurship from his self-help book Anyone can do it is: "Be prepared for rejection and disappointment."

[winning_streak] 07/7/2009 22:13

This lot will, they've messed with the wrong uns ..........

[dumbarton2] 07/7/2009 22:09

Good luck guys but not many directors get their come upances.

[winning_streak] 07/7/2009 21:51

But, don't take any more promises from barstlett - you need to know and understand the man is a crook - then move forward and use all the information you and everyone else has to ground him. What goes around, comes around - he used these boards to his own advantage - now let them become his disadvantage and pdq!!

[winning_streak] 07/7/2009 21:49

Eh - I have a bloody good idea I'll have you know!! If you mean what you say, there is one hell of a support network out here - USE IT!!!!

[paulmhammond] 07/7/2009 21:47

WS,

You have no idea, but you are not my mate.

Paul

[winning_streak] 07/7/2009 21:42

Paul - at last, if you mean your post 5287, we are one hundred percent behind you mate = GET THE HIGHEST BID FOR THE BRAND and don't let the barstlett get it!! I have to say you have worked damned hard holding these threads and have never budged - if he gets it and doesn't cut you in - you need to get some gallows built and there are a quite a lot will help you deliver him to them - baggies I push the switch????????????

[crdirect] 07/7/2009 21:32

i hope he did cut u in

[crdirect] 07/7/2009 21:31

good luck paul

[paulmhammond] 07/7/2009 21:27

It might be a small sum of money to some, but I will fight for what I have left, by getting the highest bid possible for the brand. I won't being speaking to anyone with the exception of trusted friends. Bye.

[crdirect] 07/7/2009 21:26

im sorry if u have lost it paul,

[paulmhammond] 07/7/2009 21:20

No comment Dan, but I have some integrity.

[paulmhammond] 07/7/2009 21:17

Yes, good point, and money rolling in from Tchibo

[crdirect] 07/7/2009 21:17

you mean your not in on the management/shareholder buyout then

[paulmhammond] 07/7/2009 21:09

You don't know how angry I am at the moment. Time to make some calls

[tradermania] 07/7/2009 20:50

did a guy from here not get on the board.. must have been hard to turn around? unless they have a large debt pile.