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Beanscene sold to Fifi and Ally | Beanscene sold to Fifi and Ally |
(about 1 hour later) | |
The troubled coffee chain Beanscene has been sold to the restaurant and retailer, Fifi and Ally, in a move which has saved 130 jobs. | The troubled coffee chain Beanscene has been sold to the restaurant and retailer, Fifi and Ally, in a move which has saved 130 jobs. |
Beanscene, which had its headquarters in Glasgow and employed 142 staff in 14 shops across Scotland, went into administration in July. | Beanscene, which had its headquarters in Glasgow and employed 142 staff in 14 shops across Scotland, went into administration in July. |
Fifi and Ally said it would rebrand some of the Beanscene shops. | Fifi and Ally said it would rebrand some of the Beanscene shops. |
It now has eight branches in Glasgow, four in Edinburgh and one each in Stirling, St Andrews, Hawick and Ayr. | It now has eight branches in Glasgow, four in Edinburgh and one each in Stirling, St Andrews, Hawick and Ayr. |
Fifi and Ally was founded in 2005 by entrepreneurs Fiona Hamilton and Alison Fielding. | |
Jobs saved | |
The acquisition of Beanscene will see the company treble its turnover to £6m. | |
Fiona Hamilton said the deal was part of an expansion. | |
"It is our intention to build on all that is good about Beanscene and our initial focus will be on extending the food offer," she said. | |
"The two brands will complement each other well - Sex in the City meets Bohemia - and some of the branches will, in time, rebrand as Fifi and Ally's new express food concept, while others will retain the Beanscene identity. | |
"We have a loyal customer base and combined staff of 200 committed individuals who want to succeed, as well as strong funding and a new management structure to drive the brands forward." | |
Blair Nimmo, head of restructuring for KPMG in Scotland, and joint administrator, said: "Not only has this saved 130 jobs, but the sale also ensures that existing customers will continue to be serviced and that the landlords and suppliers will have ongoing business.". |
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