The fate of the famous chain of Italian-inspired English cafes will be decided by the London Court in July: the investors of EG Group, buyers of Asda supermarkets, are just around the corner
by Mara Monti
3 ‘of reading
The famous chain of English cafes “Caffé Nero” is in danger of bankruptcy. The London Court ruling on the renovation of the first “Made in UK” bar founded 25 years ago is expected in July, but the hopes of a bailout are becoming more uncertain every day among legal proceedings and investors ready to take advantage of the situation to take over the chain.
Its founder, the American Gerry Ford, has for months been seeking an agreement with the owners of the more than 800 bars scattered throughout …