Private company limited by shares | |
Industry | Coffee shops |
Founded | Ian Semp in 1990 |
Headquarters | London, United Kingdom |
Key people
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Products | Espresso based coffees Frappé Latte Tea Speciality drinks |
Revenue | £227.9 million GBP (2013/4) |
Subsidiaries | Harris + Hoole |
Website | www |
Caffè Nero (Italian for black coffee) or Caffè Nero Group Ltd is a European style coffee house brand with its headquarters in London. It was founded in 1990 by Ian Semp, the original branch was at 66 Old Brompton Road,South Kensington. In 1997 with 5 stores operating it was sold to Paladin Associates. Currently, the company runs more than 700 coffee houses worldwide and is established in seven countries: the UK, Ireland, Poland, Cyprus, Turkey, the UAE and the United States.
Caffè Nero was founded in 1997 and in March 2001 joined the under the symbol CFN. After a highly successful period on the , in early 2007, Caffè Nero was taken private in order to give it more flexibility to grow the business. From 2007 onwards, the company has been expanding internationally: in Turkey in 2007, in the UAE in 2009, in Poland in 2012, in Cyprus in 2013, and in Ireland and the United States in 2014.
Caffè Nero has won many accolades for its high quality coffee. It was rated by Allegra Strategies as having the highest coffee quality among coffee brands in the UK for eight years consecutively. In 2013, Caffè Nero's coffee was rated best tasting among five major UK brands by experts at the independent consumer magazine Which?
Along with traditional espresso-based drinks, such as espresso, cappuccino, latte and macchiato, Caffè Nero also sells Frappé Latte (an iced latte), Fruit Boosters (an iced fruit drink), and Hot Chocolate Milano, an extra sweet and thick hot chocolate drink. Several specialty coffee based drinks were launched in 2007. These were Caramelatte (a vanilla-flavoured latte served with whipped cream and caramel sauce topping), and the White Chocolate Mocha (a twist on the classic caffè mocha). Caffè Nero also has its own line of panini, pasta salads, and soup dishes.