Cafe Coffee Day Shuts 280 More Outlets In Apr-June Qtr

From: freepressjournal.in

Homegrown coffee chain Cafe Coffee Day (CCD)has closed down around 280 outlets in the first quarter of the current fiscal year, citing profitability issues and likely future increase in expenses, a company statement said.

With these closures, the total count of its outlets stood at 1,480 as on June 30, 2020.

Cafe Coffee Day is a brand owned by Coffee Day Global, a step-down company of Coffee Day Enterprises Ltd (CDEL).

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