Beanscene could soon be sold

KPMG, the administrator of Beanscene,
will soon reveal who is the preferred bidder for the business after reviewing
more than 30 formal bids for the chain.

The suitors have been reduced to six potential buyers, reported to include
Gordon Richardson, the chain’s founder, who sold the business earlier this year.

KPMG told the Scotsman it had received
inquiries about the chain from about 150 potential buyers and was confident of a
sale after formal offers were submitted.

Some of the bids are understood to be for all of Beanscene’s stores, while
others were only for part of the chain, which has branches in Edinburgh,
Glasgow, St Andrews, Hawick, Stirling and Ayr.

Further reading:

Founder among 150 prospective Beanscene buyers

Beanscene forced into administration

the Scotsman story

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