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Caffè Nero Expands Amid Rising Coffee Prices and Losses

3/8/2026

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Summary

Story summary

Caffè Nero plans to open 30 UK stores and 50–70 internationally.
The expansion comes as coffee prices rise after the war in Iran and higher staffing costs.
Gerry Ford, founder of Caffè Nero, says the firm outperforms Starbucks and Costa and will grow steadily.
Sales rose 13% to £587.6 million, while pre-tax losses widened to £41 million due to higher finance costs from acquisitions, including Compass Coffee.

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Story summary

Caffè Nero plans to open 30 UK stores and 50–70 internationally.
The expansion comes as coffee prices rise after the war in Iran and higher staffing costs.
Gerry Ford, founder of Caffè Nero, says the firm outperforms Starbucks and Costa and will grow steadily.
Sales rose 13% to £587.6 million, while pre-tax losses widened to £41 million due to higher finance costs from acquisitions, including Compass Coffee.