Coffee 1 Explained

Coffee #1 Ltd
Type:Subsidiary
Foundation:2000
Founders:David Jones and Maryanne Tagney
Location:Bristol, England[1]
Key People:Bruce Newman, Director[2]
Area Served:United Kingdom
Industry:Hospitality
Products:Hot drinks and baked goods
Locations:100 (2019)
Parent:Caffè Nero

Coffee #1 is a British coffee house chain that originated in Cardiff, Wales in 2001, and is now owned by Caffè Nero. Coffee#1 has outlets along the M4 corridor, with others in Wales and southern England.

History

Coffee #1 was co-founded in 2000[3] by David Jones, Maryanne Tagney, James Shapland and Anthony Shapland. James Shapland was appointed managing director in 2002 and was majority shareholder when the business was sold in 2011.[4] Jones and Tagney Jones, both based in Washington State, USA, remained minority shareholders and non-executive directors until the sale in 2011.[5]

Coffee#1 opened its first coffee shop in 2001 on Wood Street, Cardiff, and had three shops by the end of that year.[6] [7] Shapland grew the company to become a market leader across South Wales and South West England.[8] The company won the Cafe Society's Coffee Bar Chain of the Year award in 2009, 2010, 2011, 2012 and 2013 and the Beverage Service Association's 'Best UK Coffee Chain' in 2009.[9] [10]

In the autumn of 2011, Coffee#1 was bought by the Cardiff brewery company SA Brain, who wished to diversify from their pub business. The move was seen as a symptom of the tough trading conditions in the beer market. Brains had previously had Costa Coffee outlets in several of its pubs.

In 2013 another nine outlets were added and in 2014 sales grew by 55%.[11] In April 2015 the company opened their 50th outlet, in Fareham, Hampshire, giving them a total workforce of 380.[12] At the end of 2015 the chain included 57 coffee shops across Wales and parts of southern and central England. The company planned to open another 15 in 2016.

In mid-2018, SA Brain announced that they wished to sell a majority stake in Coffee#1, after a strategic review. Caffè Nero bought a 70% stake in the business, which at that time had 92 outlets, in January 2019,[13] and took full ownership in February 2022. Caffè Nero operates Coffee#1 as a standalone brand.[14]

Notes and References

  1. Web site: Terms and Conditions. www.coffee1.co.uk.
  2. Web site: Coffee#1 Opens its Landmark 100th Coffee House. www.coffee1.co.uk.
  3. Web site: Coffee #1 Ltd. 11 January 2021. Companies House.
  4. News: Jefford. Kasmira. 16 May 2010. How I made it: James Shapland founder of Coffee #1. en. The Times. 2021-01-11. 0140-0460.
  5. Web site: 5 July 2011. Annual Return with list of shareholders. 11 January 2021. Companies House.
  6. News: Chris Kelsey . Coffee #1 to open 15 new shops across Wales and England as part of £85m package . . 26 November 2015 . 2015-01-10.
  7. Web site: 31 December 2001. Coffee #1 Limited: Financial Statements. 11 January 2021. Companies House.
  8. News: Brains brewery plans to open 30 Coffee #1 shops . . 23 May 2012 . 2015-01-10.
  9. Web site: Barry. Sion. 2009-10-06. Chain is voted UK No 1 for coffee. 2021-01-11. WalesOnline. en.
  10. News: Chris Kelsey . SA Brains buys Coffee#1 chain . Wales Online . 4 October 2011 . 2015-01-10.
  11. News: Brains brewery Coffee #1 shops sales rise 55% . BBC News . 8 May 2014 . 2015-01-10.
  12. News: Sion Barry . Coffee#1 is star performer in strong financial results from SA Brain & Co . Wales Online . 25 March 2015 . 2015-01-10.
  13. Web site: SA Brain sells majority stake in Coffee #1. Morris. Josh. 30 January 2019. Insider Media Ltd. en. 29 March 2019.
  14. Web site: Gilbert . Helen . 14 February 2022 . Caffè Nero owner buys remaining stake in Coffee#1 . 2023-09-22 . British Baker . en.