Brains to Choose Lager over Latte
In our weekly look into the world of business, Luke Pritchard from our Corporate...Back to News and Events
In our weekly look into the world of business, Luke Pritchard from our Corporate and Commercial team, takes a look at Brains’ decision to ditch it’s coffee chain…
Cardiff based brewery, Brains, looks set to dispose of its chain of coffee shops, Coffee #1.
Coffee #1 has almost 80 outlets and private equity firms have valued the business between £40m and £60m. Reports suggest that Brains are considering accepting a £50m offer, though they may choose to sell a minority share only.
Any sale of equity is likely to represent a healthy return-on-investment for Brains, who bought Coffee #1 from its founder, James Shapland, in 2001.
It would appear that Brains are betting on the nation’s renewed love of beer outlasting the growing fondness for coffee.