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The fate of the famous chain of Italian-inspired English cafés will be decided by the London Court in July: the investors of EG Group, buyers of Asda supermarkets
by Mara Monti
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 chain.
Its founder, the American Gerry Ford, has been looking for an agreement with the owners of the more than 800 bars scattered around for months …