Gong Cha: Bubble tea chain plans huge UK expansion and 2,000 new jobs Retail Bubble tea chain Gong Cha has revealed plans to open more than 225 stores across the UK and create nearly 2,000 jobs after signing a franchise agreement with a Costa Coffee giant. The London-headquartered business, which was founded in Taiwan in 2006, said the deal with Jinziex forms part of its wider strategy to reach [...]
Costa Coffee in the red despite sales success Business 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 [...]
Londonmetric sells off £30m of former LXi assets following ‘mega-merger’ Property Property firm Londonmetric has sold more than £30m worth of retail units, including an Asda supermarket and two former Cazoo showrooms.