Coffee Republic Share Discussion Threads

[crdirect] 19/7/2009 18:32

whats the plan lord

[lordkendal] 19/7/2009 17:41

Yes. Unless you want to do something about it?

Are you a CFE shareholder?

Are there other CFE shareholders out there who dont want to take the action of the directors in putting the PLC into administration laying down?

If so want to join together with other existing disgruntled shareholders?

Make yourself known on this BB.

[molatovkid] 19/7/2009 16:50

So what happens to us the shareholders if the Arabs move in and pick this up now its in administration? Have we lost eveything?

[lordkendal] 18/7/2009 01:08

As i have said previously its possible that Breach and Bartlett could be reincarnated at anytime in a new CR but not with anymore of my money.

[pedrojack] 17/7/2009 20:46

????????????????????

[crdirect] 17/7/2009 19:35

arab investments could be funding anyone

[monkeyspanner] 17/7/2009 19:14

Seems like Barty's plan to buy it back has failed which has probably saved the investors who backed him from getting another beating.

I have spoken to a few franchisees who are glad neither Breach or Bartlett are going to get back in. Can't find anyone with a good word for either of them.

It's a shame for the genuine investors who backed Barty's original dream though, my own losses were minimal compared to some and I feel for you, good luck to all for the future.

[paulmhammond] 17/7/2009 18:51

Arab Investments is in exclusive talks to buy Coffee Republic out of administration.

The property company, headed by Khalid Affara, will buy the remaining 80 Coffee Republic premises.

The shops are a mix of franchises and leasehold shops and 20 of them are overseas.

It is understood that the business has been bought as a going concern and that Arab Investments will be looking to expand the brand.

KPMG joint administrator Richard Hill said: 'As expected, the huge volume of enquiries from interested parties produced a very healthy level of offers.

'We have spent the last few days clarifying the terms of the most attractive offers and we have now identified our preferred purchaser.

'We have agreed a period of exclusivity to allow that party to carry out some limited due diligence which should enable us to agree the terms of the sale of the residual business as a going concern during the course of next week.'

[pedrojack] 17/7/2009 18:50

Arab Investment Group...Game over for us shareholders...Regards...

[crdirect] 17/7/2009 18:20

they wont becoming on here to brag im sure.

im sure their will be a few civil actions flying about and plenty of people to back them up.

[coffee911] 17/7/2009 18:13

From what we can learn of the latest in the Coffee Republic story, this week's statement issued by solicitors representing some of the franchisees may not have revealed the complete story. Although the statement said that the franchisees would not co-operate with a buyer 'substantially made up of the previous management', it now appears that the situation is rather more complicated than that ... because we now learn that there may actually be two prospective buyer organisations in the frame which involve members of the previous management! To complicate matters more, it is suggested that what the franchisees told the administrators was that they do approve of one bidder, but not the other...

My guess: Breach is in and Barty is out.

[lordkendal] 17/7/2009 16:59

Nor me. If it were Peter or Barty would they take the time to email us or at least put a message on here?? Or maybe other deals yet to be done??

[paulmhammond] 17/7/2009 16:48

So who won the bid ? I've no idea.

[carwhite] 16/7/2009 15:38

I TRUST THAT YOU WILL BE PROVEN RIGHT, BUT I DOUBT IT AS THE BRITISH WAY DICTATES OTHERWISE, LOOK AT BLAIR, STILL LIVING HIGH OFF THE HOG, AND IF ANYONE NEEDS TO BE BROUGHT TO BOOK ITS HIM.

[crdirect] 16/7/2009 15:20

problem is franchisees thoguht it wont happen to me so chose to stay quiet and hope it went away

from the day bartlett found out of all the surprises bobby had left him he was up against it and instead of acting like a man and admitting it he tried to survive by shafting people who had helped him.his ego is so big that being beat by bobby would have killed him inside.....

i fear its too late for the franchisees but as i said before he may come out of it well but he will still be a c..t ...anyone who treats other people like this deserves for it to catch up with him in later life

[krod mandoon] 16/7/2009 15:03

Hmm.. perhaps the pro-management bunch of shareholders might now accept that not all has been well with the CFE management for some time now ?
JAF ? Hammond ?

[carwhite] 16/7/2009 12:22

Why? Its the British way, which means you, the small guy, will always get shafted.

Time for you all to wake up and not over CFE!

[pigboy] 16/7/2009 12:21

WS

Probably no legal requirement to pass the info on. Its the age old story let the buyer beware - unless you Barty and he probably doesn't care as all the franchisees will have to fall in line anyway.imo

[winning_streak] 16/7/2009 12:02

Why have the administrators refused to pass this on?

[crdirect] 16/7/2009 10:52

too little too late me thinks,sale was agreed yesterday i understand...kpmg were appointed by the ex management hardly goign to do any favours me thinks

[coffee911] 16/7/2009 10:39

See



Goes boys, go.

In a quite remarkable development in the Coffee Republic story, the franchisees have banded together to demand that the administrators do not sell the company to any of the previous management.

Richard Hill and David Crawshaw of KPMG have been appointed the joint Administrators, and are seeking bids from potential purchasers. for Coffee Republic including the franchisee estate. Franchise agreements generally allow the franchisor to sell its franchisees to anyone without the consent of those franchisees.

However, a majority of the franchisees have instructed franchise lawyer,Geoffrey Sturgess of Blake Lapthorn solicitors to act for them, and have issued a statement -

'As a group, the franchisees have substantial commercial power and have indicated to the Administrators that they will not co-operate with any sale to a buyer of whom they do not approve. Specifically, they will not approve of a buyer that is substantially made up of the previous management of the Coffee Republic Group. They have also indicated to the Administrators that they will approve no bid unless the Administrators honour debts owed to them by the Coffee Republic Group.'

The franchisees have asked the Administrators to pass this on to prospective bidders to allow a dialogue to take place, but say that the Administrators have refused.

Very recent news reports say that Steven 'Barty' Bartlett, who drove the shareholders' revolution which turned Republic into a largely-franchised chain, is the first potential bidder. We have been unable to draw a response from him.

[carwhite] 15/7/2009 12:00

OK TRY THIS ONE ALSO FOR THOSE WHO HAVE LOST OUT HERE.

THIS IS NOT THE PLACE TO MENTION OTHER STOCKS AS EACH HAS ITS OWN THREAD. FOR THOSE INTERESTED SEE MY MESSAGE ON THE CGNY THREAD.

[carwhite] 15/7/2009 10:02

Not really but its a start

[krod mandoon] 15/7/2009 09:39

is that the best you can do ?