Only one landlord remains standing against Caffe Nero’s restructuring plans.
Eight landlords have abandoned a legal challenge after intensive lobbying by Caffè Nero, with some property owners believed to have been offered sweetened terms.
But the remaining challenger, whose identity is unclear, is adamant they will stick with the legal claim, which is being funded by Mohsin and Zuber Issa.
Under the terms of Caffè Nero’s CVA, its 650-plus landlords will get 30p for every pound they are owed.
Shortly before the vote last November, the Issas offered to repay landlords their debts in full as part of a bold move to seize control of the chain.
