Search
The Caterer

Robust growth fuels expansion at Caffè Nero

09 November 2004 by
Robust growth fuels expansion at Caffè Nero

European-style coffee bar chain Caffè Nero today reported a 40% jump in turnover for the first five months of its current financial year.

The boost in revenue represents a 6% rise in like-for-like sales since June 2004.

Last year the group accelerated its expansion drive with 43 new sites and has since opened a further 27 outlets, enlarging its estate to 189 cafés.

"We have been very encouraged by the overall trading performance of these new stores and see continuing opportunities to extend Caffè Nero's size and geographical reach," said chairman and chief executive Gerry Ford.

He said Caffè Nero remained on target to open a new outlet every 10 days during the current year, which will swell the portfolio to at least 200 cafés by the end of February 2005.

by Angela Frewin

Buy this week's Caterer magazine for more industry news and analysis

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.