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.”

If you require any further information, please contact Moorfields Corporate Recovery Ltd by email cpearson@moorfieldscr.com or call 0207 186 1168.

 

For media enquiries, please contact:
Katie Smith
Tel: +44 (0) 20 7186 1143
Email: ksmith@moorfieldscr.com

 

About Moorfields

Moorfields is one of the UK's leading independent firms of restructuring and insolvency specialists. Our highly skilled teams include restructuring professionals and licensed insolvency practitioners who provide leadership, experience and high quality advice to companies and their stakeholders in financially distressed situations

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