Caffe Nero is on the brink of insolvency with the company blaming the second lockdown as it becomes the latest big High Street pandemic victim.
The UK's third largest coffee chain, founded in London 30 years ago, was placed into a Company Voluntary Arrangement on Thursday as it scrambles to get its finances in order.
It puts 6,000 jobs across 800 stores in jeopardy - though bosses hope any closures or staff losses will be minimal. Chief Executive Gerry Ford, whose Paladin Partners took over the business in 1997, expanding it outside the capital and across the UK, said the company had no other choice.
Boris Johnson announced the England-wide one-month lockdown on October 31, restricting hospitality providers to takeaways only.
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