Green is good: How has Blank Street taken over London? Retail Given the ubiquity of Blank Street’s pastel green branding across the capital, it is almost surprising to think the New York-based company only opened its first London shop in the summer of 2022. In fact, it only opened its very first shop in Williamsburg in 2021, after spending nearly a year housed in a Brooklyn [...]
Lavazza: Profit doubles amid ‘unprecedented’ price rises Retail Profit at coffee brand Lavazza doubled in the UK during its latest financial year as it battled “intense pressure” on its supply chain and “unprecedented” price rises. The Uxbridge-headquartered division has posted a pre-tax profit of £3.2m for 2024, up from the £1.5m it achieved in 2023. New accounts filed with Companies House also show [...]
Nespresso cuts over 200 UK jobs amid store closures Retail The UK arm of coffee giant Nespresso shed more than 200 jobs as it shut locations across the country in 2024, it has been confirmed. The business reduced its headcount from 716 to 499 during its latest financial year as it closed 11 of its sites. In new accounts filed with Companies House for 2024, [...]
Yorkshire Tea: Profit more than doubles as sales pass landmark May 23, 2025 Sales at the owner of Yorkshire Tea have passed the £300m mark for the first time in its history as its profit more than doubled during its latest financial year. The Betty’s & Taylors Group, which can trace its roots back to 1886, has reported a turnover of £319.2m for the 12 months to 31 [...]
Starbucks: UK’s largest franchise more than doubles profit ahead of takeover April 28, 2025 Sales jumped towards £100m and profit more than doubled at the UK’s largest Starbucks franchise in the year before the US coffee chain took it over, it has been revealed. 23.5 Degrees has reported a turnover of £93m for the 12 months to 31 August, 2024, up from the £83.5m it achieved in the prior [...]
Gary Neville signs deal with cult London coffee brand Grind March 10, 2025 Cult coffee brand Grind is to open its first base outside London after signing a deal with Gary Neville to take space at his landmark city centre development in Manchester. Grind has agreed to take over 3,000 sq ft at No.1 St Michael’s scheme which is being led by Neville’s Relentless Developments. Grind joins the [...]
Caffè Nero brews record sales success February 4, 2025 The group behind coffee house Caffè Nero has revealed a sharp increase in sales for the first half of its current financial year. The Nero Group has posted sales of £310m for the six months to the end of November 2024, a new record. The total represents an eight per cent like-for-like rise and 13.6 [...]
Costa Coffee in the red despite sales success October 18, 2024 Costa Coffee fell into the red despite its revenue rising by more than £100m in 2023, it has been revealed. The Buckinghamshire-headquartered business, which is owned by Coca-Cola, has reported a pre-tax loss of £9.6m for its latest financial year. The loss comes after the firm posted a pre-tax profit of £245.9m in 2022. Newly-filed [...]
Turnover rise for Kenco maker despite coffee lovers buying less after price rises October 7, 2024 Sales at Jacobs Douse Egberts, whose brands include the likes of Kenco and L’or, increased despite fewer people buying coffee after the group upped its prices. The Maidenhead-headquartered UK division of the Netherlands giant said consumers bought less coffee during its latest financial year because it rose its prices because of “exceptional levels of input [...]
Lavazza: UK sales at Italian coffee brand pass £100m for the first time September 19, 2024 Sales at the UK arm of coffee brand Lavazza have jumped past the £100m mark for the first time, it has been revealed. The Uxbridge-headquartered division’s turnover totalled £102.3m for 2023, newly-filed accounts with Companies House show. The new figure comes after Lavazza reported a turnover of £92.5m for 2022. The results also reveal that [...]