Cafe Coffee Day shuts 280 outlets
New Delhi, July 20
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, the company said.
With these closures, the total count of its outlets stood at 1,480 as on June 30, 2020.
CCD is a brand owned by Coffee Day Global, a step-down company of Coffee Day Enterprises Ltd. The chain also reported a decline in average sales per day per cafe to Rs 15,445 during the April-June quarter from Rs 15,739 in the corresponding period last fiscal. — PTI
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