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Ten Coffee Republic branches close their doors

10th Jul 2009 - 00:00
Abstract
The joint administrators of Coffee Republic have announced that 10 of the 20 Coffee Republic (UK) Ltd-owned coffee bars have now closed, resulting in 66 redundancies.
The outlets which have ceased trading are; York House, Manchester, Richmond, Staines, 33 Northgate Street, Chester, Canterbury, The Mall, Ealing, Canary Wharf, George Street, London, Rathbone Place, London and Great Marlborough Street, London. The Gloucester Road, London branch closed shortly before the appointment of administrators. The remaining nine coffee bars continue to trade as normal and administrators said there has been a "huge" amount of interest in the chain. Richard Hill, KPMG partner and joint administrator said: "Following our assessment of the Coffee Republic (UK) Ltd-owned outlets we have had to take the decision to close those which are no longer viable to leave the profitable parts of the business remaining. We are now in discussions with interested parties with a view to selling the remaining business as a going concern. "There has been huge interest already from potential purchasers and I remain confident of achieving a sale during the course of next week."
Written by
PSC Team