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 [...]
Turnover rise for Kenco maker despite coffee lovers buying less after price rises Retail 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 [...]
Blank Street booms as UK expansion brews up success Business Blank Street UK has reported a huge increase in turnover this year after a rapid expansion into the British coffee shop market.
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 [...]
Nespresso: King Charles and David Beckham help coffee giant brew success September 5, 2024 The UK arm of Nespresso signed up David Beckham and used King Charles’ coronation to help boost its sales and profit during its latest financial year. The division, which is owned by Nestle, has reported a growth in its pre-tax profit for the 11th year in a row while its turnover has continued its run [...]
Esquires Coffee: Surge in new store openings brews huge sales boost June 17, 2024 The company behind the Esquires Coffee chain has seen its sales jump by more than 30 per cent in the UK as a raft of new store openings begins to pay off for the business.
Co-founder discovers ‘real beauty’ after shunning the ‘loneliness and isolation’ of going solo May 29, 2024 There’s “real beauty” in being a co-founder compared to the potential “loneliness and isolation” of going it alone, according to one half of the duo behind a multi-million pound coffee roastery.
Pret A Manger names new chair as it sets sights on international expansion April 24, 2024 Pret A Manger has named its new chairman and announced the return of one of its co-founder as it shakes up its board amid a period of international growth.
Esquire Coffee owner cheers sales rise as it plots store expansion April 15, 2024 Cooks Coffee, the owner of Esquire Coffee in the UK and Ireland, said sales continued to rise in the year to March.