Moorfields appointment Administrators over a Franchised Outlet of a Major Coffee Shop Brand
Simon Thomas and Nick O’Reilly of leading restructuring and insolvency firm, Moorfields Corporate Recovery Ltd, were appointed Joint Administrators over Smith Retail Limited t/a Lavazza Espression UK & Ireland on 2 March 2015.
The leading coffee brand operated as a franchise from Holborn, Central London. Unfortunately despite the leading brand name the company failed to compete against other leading coffee brands and achieve the required footfall.
Simon Thomas, Joint Administrator “The coffee shop market is a competitive market to enter even with a leading brand name backing. Any new entrant to the market will need to have a niche offering in order to attract clientele.”
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