Billionaire Buys Back Caffè Nero
Posted by TheShot on 07 Dec 2006 | Tagged as: Foreign Brew
As reported today on Forbes.com, the recently reviewed Caffè Nero chain (one of the fastest growing in Europe right now) was subject to a private buy-back by its previous owner: Billionaire Buys Back U.K. Coffee Chain - Forbes.com.
Apparently, espresso chains are multiplying like cancer in London. The attractive growth rates are enough to lure big European money and suggest international expansion plans.
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