Latest Breaking News On - Varun ahluwalia - Page 1 : comparemela.com

Trouble brewing for Caffe Nero as landlords fight back Deal to save troubled coffee chain is under threat from a legal challenge as the Issa brothers stir the pot for a takeover 10 January 2021 • 11:59am At around 9pm on a Sunday late last November, lawyers for the ailing coffee shop chain Caffe Nero received a letter. Just hours before landlords were set to vote on a rescue deal that would enable Caffe Nero to renegotiate rental costs as it battles headwinds from the coronavirus pandemic, two billionaire brothers from Blackburn put forward an alternative proposal. In an eleventh-hour intervention, EG Group, the petrol forecourt operator owned by Mohsin and Zuber Issa, expressed an interest in taking control of Caffe Nero and its 650 sites, seizing ownership from its founder and controlling shareholder Gerry Ford, while offering to pay landlords in full for the rent arrears owed to them due to the crisis.

Australia
United-states
United-kingdom
Manchester
Britain
America
Mike-ashley
Varun-ahluwalia
Zuber-issa
Gerry-ford
Ben-price
Caffe-nero