UK: Caffe Nero buys 26 Aroma outlets from McDonald’s
UK coffee shop chain Caffe Nero has bought 26 outlets from its rival Aroma, which is owned by US burger behemoth McDonald's. The new additions, which were purchased at an undisclosed price, will increase Caffe Nero's store portfolio to 107. The purchase, which will be completed next month, was revealed as Caffe Nero announced its financial results for the six months to 30 November 2001, during which time sales increased by 68% to £11.3m (US$16.1m) and the group's pre-tax loss improved by 12% to £760,000.
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