Company Directory - Café Nero
Company Details - Café Nero
Café Nero
United Kingdom
Café Nero is a UK-based coffee house chain known for serving Italian-style coffee and snacks in a relaxed, inviting setting. It has established itself as a popular destination for coffee lovers seeking an authentic European coffee experience.
CCI Score
CCI Score: Café Nero
2.39
-0.01%
Latest Event
Caffè Nero Publishes Modern Slavery Act Statement 2024
The company's 2024 Modern Slavery Act Statement outlines a zero-tolerance approach to modern slavery and human trafficking, detailing comprehensive policies on responsible sourcing, employee training, supplier audits, and meticulous due diligence in its supply chain.
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OBJECTOR
Café Nero is currently rated as an Objector.
Latest Events
- JUN012024
The company's 2024 Modern Slavery Act Statement outlines a zero-tolerance approach to modern slavery and human trafficking, detailing comprehensive policies on responsible sourcing, employee training, supplier audits, and meticulous due diligence in its supply chain.
+80
Labor Relations and Human Rights Practices
March 29
Caffè Nero's statement emphasizes strong labor relations and human rights practices by instituting clear policies, regular staff training, and effective grievance procedures, all of which demonstrate a proactive stance against modern slavery.
+70
Supply Chain Ethics
March 29
The statement outlines a rigorous responsible sourcing standard and comprehensive supply chain audits based on the ETI Base Code, effectively mitigating risks of forced labor and ensuring transparent supplier practices.
- OCT042023
The High Court dismissed a legal challenge brought by landlord Ronald Young—funded by EG Group—to overturn Café Nero's Company Voluntary Arrangement (CVA). The ruling confirmed that the company acted in good faith and in the best interests of its creditors by proceeding with its restructuring plan.
+0
Business Practices and Ethical Responsibility
March 29
Café Nero’s restructuring process was legally validated, with the High Court confirming that the company acted in accordance with its professional duties. Although the challenge was instigated by a landlord funded by EG Group—a move that raises potential concerns regarding external destabilization—there is no evidence linking the incident to far‑right or authoritarian activities. This neutral assessment reflects sound business practices rather than any ideological bias.
High Court dismisses legal challenge to Caffe Nero restructuring
- NOV062020
Caffe Nero is reportedly in restructuring talks involving potential store closures and job cuts as part of a company voluntary arrangement (CVA) aimed at reducing rent liabilities amid the ongoing crisis. The move could adversely affect the livelihoods of its 5,000 UK employees, raising concerns over fair labor practices.
-30
Labor Relations and Human Rights Practices
March 29
The proposed restructuring involving store closures and job cuts is likely to undermine worker rights and destabilize employment for a significant number of employees. This move, while possibly a response to financial pressures, represents a problematic business practice from a labor rights perspective, adversely affecting the vulnerable workforce.
Caffe Nero in restructuring talks with store closures and job cuts on the cards
- MAY312017
The article reports that Caffè Nero, despite generating significant sales (notably £288m in a year) and profits on paper, has not paid UK corporation tax for over a decade. This is attributed to its financial arrangements, including leveraging large bank borrowings and booking losses, which effectively shift its tax burden and undermine corporate accountability.
-60
Business Practices and Ethical Responsibility
March 29
Caffè Nero's strategic use of financial structures to avoid paying corporation tax over a prolonged period undermines ethical business practices. By exploiting tax regulations and recording losses through high interest payments, the company reduces its fair contribution to public finances, shifting the fiscal burden onto society.
-40
Economic and Structural Influence
March 29
The company's reliance on complex corporate structures, including incorporation in Luxembourg and control via entities in tax-favored jurisdictions, illustrates a use of economic power that perpetuates structural inequality and diminishes public accountability.
- MAY012014
A viral letter circulating on social media accuses Café Nero of avoiding corporation tax. The company has refused to comment on the allegations, which raise concerns about its business ethics and impact on public welfare.
-50
Business Practices and Ethical Responsibility
October 10
Café Nero is accused of avoiding its corporation tax obligations, a practice that undermines public funds and social welfare. Such unethical financial behavior can exacerbate inequality and strain public services, reflecting negatively on the company’s commitment to ethical business practices.
Caffe Nero accused over tax affairs in viral letter - BBC News
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Industries
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- Snack and Nonalcoholic Beverage Bars