LEGAL | Staff Reporter, UK

Caffe Nero lenders hire advisers as restructuring looms: report

The CVA is likely to be announced later this month.

Lenders to Caffe Nero have hired financial advisers as they prepare for the launch of a restructuring that could lead to permanent store closures and job losses.

Sky News reports that Alcentra and Partners Group, which provide mezzanine debt to Caffe Nero, have drafted in FTI Consulting to advise them on the implications of a company voluntary arrangement (CVA).

Whilst a final decision on a CVA had yet to be taken, the publication added that it was likely to be announced later this month.

“As a matter of policy, we do not comment on, confirm or deny client engagements or reports of client engagements,” a spokesperson for FTI Consulting told QSR Media.

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