Caffè Nero said it will pause acquisitions for at least a year after purchasing 15 Compass Coffee stores in Washington DC, while warning that coffee prices are likely to continue rising due to supply disruptions and elevated operating costs. The family-owned chain plans to open up to 30 new UK stores and 50-70 outlets across its other markets this year, with founder Gerry Ford citing steady growth and outperformance of larger rivals Starbucks and Costa.
Otto Beta
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Caffè Nero said it will pause acquisitions for at least a year after purchasing 15 Compass Coffee stores in Washington DC, while warning that coffee prices are likely to continue rising due to supply disruptions and elevated operating costs. The family-owned chain plans to open up to 30 new UK stores and 50-70 outlets across its other markets this year, with founder Gerry Ford citing steady growth and outperformance of larger rivals Starbucks and Costa.