Coffee Republic concessions in hotels and pubs safe say administrators

By Emma Eversham

- Last updated on GMT

Related tags: Business

Coffee Republic concessions in hotels and pubs safe say administrators
Businesses with Coffee Republic concessions have been told they will not be affected by the companys move into administration

Hotels, pubs and other businesses with Coffee Republic concessions have been told they will be able to continue to run them despite the Coffee Republic chain going into administration.

Richard Hill and David Crawshaw of KPMG Restructuring were appointed joint administrators of coffee bar and deli chains Coffee Republic (UK) Ltd on Tuesday, leaving the future of 20 group-operated outlets in doubt.

However, KPMG said the 70 outlets franchised through Coffee Republic Franchising Ltd and 97 concessions, mostly in hotels, pubs cinemas and retail outlets, were not affected by the administration.

Hill said the drop in discretionary spending on the high street had hit Coffee Republic`s less profitable outlets with expensive leases, leading to the chain having to call in administrators, but was hopeful that a buyer would be found for 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," he said.

Coffee Republic opened its first shop in South Molton Street in London in 1995 and grew significantly. Its holding company Coffee Republic plc, which is not in administration, signed its first franchising agreement in 2005.

Related topics: Business

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