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Birmingham Post

Business

Sion Barry

SA Brain & Co sells remaining stake in Coffee#1 to Caffe Nero

Caffe Nero

SA Brain & Co has sold what was its remaining minority stake in coffee shop venture Coffee#1.

The Cardiff-based family-owned business sold a majority stake in Coffee#1 to Caffe Nero in 2019.

Set up originally by entrepreneur James Shapland in 2000, it was acquired by SA Brain & Co in what is understood to have been a £15m deal in 2011.

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