Coffee Republic hopeful of turnaround

Coffee and deli bar operator Coffee Republic today reported wider losses, as it posted its first set of annual results since the chain’s founder was ousted in a boardroom coup.

The group said it sunk £1m (€1.4m) deeper into the red, with net losses of £2.45m (€3.62m) for the year to March 25, against £1.45m (€2.14m) last year.