BusinessCompany NewsFounder among 150 prospective Beanscene buyers

Founder among 150 prospective Beanscene buyers

Beanscene founder Gordon Richardson is competing with 150 rival buyers to regain control of coffee shop chain

Beanscene founder
Gordon Richardson will compete with 150 rival prospective buyers in his effort
to regain control of the business he sold five months ago and which went into
administration last month,

KPMG has set a closing
date of 15 August on offers for the group, which ran into trouble when promises
of finance from an outside investor were withdrawn halfway through a planned
expansion, leaving it with leases on five shops that could not be transformed
into outlets, according to The Scotsman.

‘The Beanscene brand is very strong and this has been reflected in the
support provided to date by employees, landlords, suppliers and customers, as
well as in the number of enquiries we have received about the business – which
now stands at almost 150,’ Blair Nimmo, joint administrator and head of
restructuring for KPMG in Scotland, said.

Richardson, who had earlier quit and sold the business to rival company
Tinderbox, said he would be able to refocus the board’s efforts on making
Beanscene an ‘evening destination’ and music venue rather than an on-the-go
coffee chain like Starbucks or Costa.

Further reading:

Beanscene forced into administration

Read
The Scotsman story

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