Caffe Nero plans 40 stores and 350 new jobs
March 11
11:39
2016
Caffe Nero, the specialist coffee retailer chain has outlined plans to invest €20 million in Ireland by opening 40 new outlets across the country, with the potential creation of 350 new jobs in the process. It currently operates six outlets, five in Dublin and one recently opened in Drogheda. The firm also has planning permission for another store in Dalkey.
The pre-tax loss of €430,000 last year followed the firm recording a pre-tax loss of €56,000 in 2014.
According to the directors’ report “the loss for the year arose due to continued start up costs in this new territory”.
On the firm’s future developments, the directors state that the company expects to continue to open further locations under the Caffe Nero brand.
