From the BBC
9 July 2009

Ten of the 20 outlets directly owned by coffee chain Coffee Republic have closed with the loss of 66 jobs, the firm’s administrators have said.

The news comes two days after the company went into administration.

Tuesday’s move has not affected the 167 Coffee Republic outlets that are either owned by franchisees or are concessions in cinemas and hotels.

Administrator KPMG said it was now in talks with potential buyers for the firm, and had received “huge interest”.

KPMG also confirmed that another one of the 20 directly owned stores, the outlet in London’s Gloucester Road, had already closed just before it was appointed.

It said the remaining nine would trade as normal while it continued discussions with potential buyers for the company.

“I remain confident of achieving a sale during the course of next week,” said KPMG partner Richard Hill.

Coffee Republic had directly employed 153 staff.