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Coffee Republic Snapshot
This republic elects to have a coffee break -- with a sandwich, please. Coffee Republic is a leading coffee shop operator in the UK with about 45 espresso bars. The company has shuttered several locations and is converting the remainder of its chain into US-style deli outlets, citing weak coffee sales. (Some locations were sold to larger rival Caffè Nero Group in exchange for that company's holdings in Coffee Republic, acquired as part of a failed takeover attempt.) Julian Richer, chairman of Richer Sounds, owns more than 15% of Coffee Republic via investment vehicle The Richer Partnership.
