Coffee chain Caffè Nero is planning to invest €20m in Ireland over the next five years, creating 320 jobs.
On 13 March 2014, the company opened its first store in Merrion Row, Dublin, creating eight jobs, with plans to open a second outlet this summer.
Gerry Ford, chairman and founder, said the business was delighted to be introducing the Caffè Nero experience to Dublin coffee drinkers.
Ford said: “Our premises on Merrion Row allows us to begin the journey of sharing our award-winning blends and the hours of craftsmanship that go into each cup, with coffee-lovers at the centre of this beautiful city. We plan to introduce further Caffè Nero coffee houses to Ireland over time.”
Helen Jones, group executive director of Caffè Nero, added: “In keeping with Irish culture, Caffè Nero is an accessible, friendly coffee house where customers are welcome to grab a bite to eat, meet friends, catch up on work or simply read and relax.”
Via the expansion, the business said it aimed to bring a European coffee house atmosphere and cosy neighbourhood gathering spot for consumers.
According to reports, the company is scouting locations in suburban Dublin, with plans to potentially open in airports and other main transport hubs, as well as outside the capital.
Expansion
Earlier this month, Caffè Nero announced expansion plans for the USA, with its first café due to open in Boston, Massachusetts in late April.
The company said it had secured a new £275m debt financing package to enable it to “spread its wings” overseas and enter the “at-home” coffee market.
The family-owned chain launched in 1997. In the year ended 31 May 2013, revenue was £204m in the UK and £228m worldwide. It currently has more than 550 cafés in the UK and 82 internationally.
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