UK Fundraising auctions domain names

first_imgUK Fundraising auctions domain names UK Fundraising is auctioning several domain names that we have registered and no longer require.The domain names now available are dotcharity.org, dotcharity.co.uk, and 404good.com.Bids can be made online using the auction2.net system. Advertisement AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis You can search for these and other domain names being auctioned. Other charity-related domains currently available, although not from UK Fundraising, include half2charity.co.uk, charitybeginsathome.co.uk, charitytelecom.co.uk, and a range of other domains being offered to charities at a relatively low price, such as think-smart.co.uk (£50), buy-buy.co.uk (£175), and 121.org.uk (£125). Howard Lake | 9 March 2004 | Newscenter_img  23 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Tagged with: Digital Individual giving About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img read more

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Charity Commission warns charities of credit card scam

first_imgCharity Commission warns charities of credit card scam  56 total views,  3 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 28 June 2013 | News AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Based on information from the Serious Organised Crime Agency, the Charity Commission has alerted charities to a credit card scam and is advising them to look out for suspicious transactions.The scam involves a fraudster contacting a charity to let them know that they will donate a large sum of money. They will do this, however, only if the charity sends half of the donation to another specified charity. This turns out to be the personal bank account of the fraudster. The ‘donation’ is made using a stolen or compromised credit card. If the charity falls for the scam it will unwittingly have become involved in money laundering.Warning signs that charities should look out for include Advertisement unusually large amounts conditions complex banking and transfer arrangements or a donation which in reality is some kind of loan.Michelle Russell, Head of Investigations and Enforcement at the Charity Commission said:“Fraud is a real threat to charities of all sizes – the National Fraud Authority’s 2013 Annual Fraud Indicator report shows that nearly one in ten charities with income over £100,000 have reported they have been the victim of fraud in the last financial year. Whilst this year’s report only sampled charities with income over £100,000, this is not to suggest that smaller charities do not experience fraud, as we know they do.”It is vital that all charities, whatever their size, do not become complacent and ensure they have financial controls and policies in place to both prevent fraud occurring, and deal with it when it does happen. Most donors are honest and genuinely want to help charities, but we need to be vigilant and stop the fraudsters.”If charities have concerns about a suspicious donation, they should report this to Action Fraud and the police. Charity trustees should also report serious incidents to the Commission as soon as they suspect them.Image: Credit card fraud by nobeastsofierce on Shutterstock.com About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img read more

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Public television prevented from covering Tirana street demo

first_img to go further News News RSF_en Reporters Without Borders today protested against a ban slapped by the leadership of the opposition Socialist Party preventing public radio and television (RTSH) from covering a hunger strike by some of its deputies against alleged vote fraud on Deshmoret e Kombit boulevard.A team from RTSH went to the scene of the hunger strike on 4 May but were ordered to leave the spot for “their own safety”, by party spokesman Armela Imeraj. When the journalists refused to leave and continued to work, party bodyguards intervened and bundled them away.Protests made by RTSH director Artur Kopani to the president of the socialist party Edi Rama went unheeded.“The attitude of the Socialist Party is both surprising and unacceptable. The action to raise awareness that it launched a few days ago is taking place in the street, in other words in a public place. Nothing can justify such restrictions on media coverage of an event like this, for both public and privately run media”, Reporters Without Borders said. Questioned by Reporters Without Borders on the phone, the party spokesman, Armela Ymeraj, justified the stance for safety reasons. “The Socialist Party cannot guarantee the safety of journalists and today declines all responsibility for any untoward incidents that could affect the RTSH team. Some of those present have serious resentment towards the public channel and it is impossible for us to protect ourselves against any incidents.”“Even if we appreciate the interest in the safety of journalists expressed by those in charge of this demonstration, this consideration cannot be used as an excuse for refusing to open this public event to a particular channel. The safety of journalists on the public highway as anywhere else is not the responsibility of the socialist party but of the police. If a group of militants, or anyone else not linked to the party attacked a TV crew or a journalist, it would be for the police and the courts to intervene and to take proceedings against those responsible for the abuses”, the worldwide press freedom organisation said. “If, as the organisers say, this is a peaceful protest action, there is no reason for militants to attack the media, even if they do not like them. If the independence of RTSH can legitimately be questioned, that does not in any way justify preventing them for working freely on the streets of the capital. One cannot quite rightly condemn abuse of authority by the Albanian government in the public media or towards the private media and use the same methods of censorship”, the organisation said. “We call on the organisers of this demonstration to publicly undertake to guarantee free access to all media. Police who are responsible for covering the event should be able to provide sufficient protection to the press if it turns out to be necessary”, it concluded. AlbaniaEurope – Central Asia AlbaniaEurope – Central Asia Help by sharing this information April 29, 2020 Find out more News May 10, 2010 – Updated on January 20, 2016 Public television prevented from covering Tirana street democenter_img April 8, 2020 Find out more Albania: Seizure threatens independence of two Albanian TV channels Organisation Attacks on media in Europe must not become a new normal Receive email alerts Follow the news on Albania News Repressive laws, prosecutions, attacks… Europe fails to shield its journalists against the abuse of the COVID-19 crisis August 7, 2020 Find out morelast_img read more

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Breaking Down Non-Performing Loan Sales

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Related Articles Enterprise Non-Performing Loan Sales Report Fannie Mae Federal Housing Finance Agency FHFA Foreclosure Freddie Mac GSEs Non-Performing Loan Sales Non-Performing Loans 2017-12-06 David Wharton About Author: David Wharton The Best Markets For Residential Property Investors 2 days ago Previous: Default Data After the Great Recession Next: These Are Your 10 Best SFR Investment Markets in Daily Dose, Featured, Government, Journal, News David Wharton, Managing Editor at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has over 16 years’ experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. Wharton and his family currently reside in Arlington, Texas. He can be reached at [email protected] Sign up for DS News Daily Demand Propels Home Prices Upward 2 days agocenter_img The Federal Housing Finance Agency (FHFA) this week released the latest Enterprise Non-Performing Loan Sales Report, detailing the sales of non-performing loans (NPL) by Fannie Mae and Freddie Mac through June 30, 2017. The report also covers borrower outcomes as of that same date, on NPLs sold through December 31, 2016. According to the report, “through June 30, 2017, the Enterprises sold 82,359 NPLs representing a total unpaid principal balance (UPB) of $16 billion.”NPLs sold by the GSEs had an average delinquency of 3.3 years and an average current loan-to-value ratio of 97 percent. Nearly half (47 percent) of the NPLs sold were located in three states: New Jersey, New York, and Florida. The report adds, “These three states also accounted for 47 percent of the Enterprises’ loans that were one year or more delinquent as of December 31, 2014.”Community Loan Fund of New Jersey (CLFNJ), a nonprofit organization, won the bid for 10 of 12 “small, geographically concentrated NPL pools” sold during the period.The report also provides insights about the 69,804 NPLs that were settled by December 31, 2016. NPLs on occupied homes were much more likely to avoid foreclosure than those on vacant homes—21.2 percent versus 9.9 percent, respectively. In fact, the foreclosure rate on vacant homes (47.8 percent) was nearly double that of borrower-occupied homes (19.3 percent).NPLs sold by the GSEs also had a higher foreclosure avoidance rate than those not sold. According to the FHFA report, “Thirty‐six percent of NPLs that have been with the new servicers the longest (1,737 NPLs with new servicers for 26 months) avoided foreclosure, compared to 24 percent of the benchmark NPLs.”Finally, the the average forgiveness earned per loan to date on NPLs with permanent modifications was $30,443, with the potential to earn an average forgiveness of $60,586.You can read the full FHFA Enterprise Non-Performing Loan Sales Report by clicking here. Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / Breaking Down Non-Performing Loan Sales December 6, 2017 2,790 Views Breaking Down Non-Performing Loan Sales Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago  Print This Post Tagged with: Enterprise Non-Performing Loan Sales Report Fannie Mae Federal Housing Finance Agency FHFA Foreclosure Freddie Mac GSEs Non-Performing Loan Sales Non-Performing Loans Subscribelast_img read more

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FHA Extends Foreclosure Moratorium, Expands Forbearance Options

first_imgSign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago 2020-12-21 Christina Hughes Babb Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago  Print This Post Share Save The Week Ahead: Nearing the Forbearance Exit 2 days ago The Federal Housing Administration (FHA) and HUD announced, a few weeks following FHFA’s similar announcement, the fourth extension of its foreclosure and eviction moratorium through February 28, for homeowners with FHA-insured single-family mortgages covered under the Coronavirus Relief and Economic Security (CARES) Act. The FHFA in early December stated its extension would run “at least” through January.FHA’s moratorium prohibits servicers from initiating or proceeding with foreclosure and foreclosure-related eviction actions for FHA-insured single-family forward and reverse mortgages, except for those secured by legally vacant and abandoned properties.The FHA also will extend, through February 28, the deadline for single-family borrowers with FHA-insured mortgages to request an initial COVID-19 forbearance from their mortgage servicer to defer or reduce their mortgage payments for up to six months, which can be extended for an additional six months, the agency announced on Monday.In addition, said the FHA in a press release, it also has extended multiple temporary provisions for lenders and servicers to allow them to continue doing FHA business despite social distancing considerations.Assistant Secretary for Housing and Federal Housing Commissioner Dana Wade promised the FHA will continue to assist borrowers who are struggling financially as a result of the national health crisis.”COVID-19 has created hardships for millions of Americans,” Wade said. “American homeowners should not be forced from their homes while they are seeking help.”In its press release, the FHA outlined the following additional provisions:It will extend the timeframe for providing an insurance endorsement on single-family mortgages in forbearance through March 31, 2021.The temporary re-verification of employment guidance and exterior-only appraisal inspection option will now be accepted through February 28, 2021.Provisions for verification of self-employment, rental income, and 203(k) Rehabilitation Mortgage escrow accounts will be allowed through February 28, 2021.The FHA encourages borrowers who can make their mortgage payments to continue to do so, the FHA said, adding that, “Those who are struggling financially because of COVID-19 should engage with their mortgage servicer … FHA provides post-COVID-19 forbearance loss mitigation options to assist borrowers with bringing their mortgage current. FHA does not require a lump sum payment at the end of any COVID-19 forbearance period.”For the full list of extensions and provisions, visit HUD.gov. FHA Extends Foreclosure Moratorium, Expands Forbearance Options About Author: Christina Hughes Babb Data Provider Black Knight to Acquire Top of Mind 2 days agocenter_img Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribe Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago December 21, 2020 5,466 Views Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others. Previous: A ‘Paradigm Shift For The Better’ in Real Estate Next: Where Americans Are Most At Risk of Losing Homes Related Articles Home / Daily Dose / FHA Extends Foreclosure Moratorium, Expands Forbearance Options in Daily Dose, Featured, Newslast_img read more

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Farmers appreciation supper Monday night at Brundidge Station

first_img Remember America’s heroes on Memorial Day “We are so blessed to have farm families that provide us with affordable food products,” she said. “Thanks to our American farmers, we spend just 10 percent of our disposable income on food each year.”Gathering for the Farmers Appreciation Supper will be at 6 p.m. with supper to follow. Entertainment that has been especially planned with farmers in mind will be provided by the Brundidge Historical Society. Farmers appreciation supper Monday night at Brundidge Station Sponsored Content The Brundidge community is coming together to pay tribute to Pike County farmers with a harvest-time supper in their honor at Brundidge Station in downtown Brundidge on Monday night.The Brundidge Historical Society, Troy Bank & Trust and the Brundidge Business Association will host the event and all farmers with hands to the plow are invited.Lawrence Bowden, president of the historical group, said the Farmers’ Appreciation Supper is an event of the 27th Annual Peanut Butter Festival week and also of the three-year celebration of the Alabama Bicentennial, which is highlighting its people in 2018. By Jaine Treadwell Skip By The Penny Hoarder Email the author Published 9:56 pm Tuesday, October 16, 2018 Plans underway for historic Pike County celebrationcenter_img Book Nook to reopen Print Article “I don’t know of any group of people more deserving to be honored than our farmers,” Bowden said. No formal invitations are being sent but all row crop farmers and their spouses are invited. Calling ahead is not necessary but helpful in planning the supper that will be provided by TB&T. The number to call is 334-735-9192.Dixie Shehane, SVP/Branch Manager TB&T, said. Farming feeds Alabama, just as it does all of America. Latest Stories You Might Like Suspect in multiple burglaries arrested Pike County Sheriff’s deputies have arrested a man charged with burglarizing the same residence three times and breaking into another… read more Pike County Sheriff’s Office offering community child ID kits Troy falls to No. 13 Clemson The Penny Hoarder Issues “Urgent” Alert: 6 Companies… Around the WebMd: Do This Immediately if You Have Diabetes (Watch)Blood Sugar BlasterIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier LivingHave an Enlarged Prostate? Urologist Reveals: Do This Immediately (Watch)Healthier LivingWomen Only: Stretch This Muscle to Stop Bladder Leakage (Watch)Healthier LivingRemoving Moles & Skin Tags Has Never Been This EasyEssential HealthBest 13 Fortnite Skins That You NeedTCGThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more

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Tropical forcing of Circumpolar Deep Water Inflow and outletglacier thinning in the Amundsen Sea Embayment, West Antarctica

first_imgOutlet glaciers draining the Antarctic ice sheet into the Amundsen Sea Embayment (ASE)have accelerated in recent decades, most likely as a result of increased melting of their ice-shelf terminiby warm Circumpolar Deep Water (CDW). An ocean model forced with climate reanalysis data showsthat, beginning in the early 1990s, an increase in westerly wind stress near the continental shelf edgedrove an increase in CDWinflow onto the shelf. The change in local wind stress occurred predominantlyin fall and early winter, associated with anomalous high sea-level pressure (SLP) to the north of the ASEand an increase in sea surface temperature (SST) in the central tropical Pacific. The SLP change isassociated with geopotential height anomalies in the middle and upper troposphere, characteristic of astationary Rossby wave response to tropical SST forcing, rather than with changes in the zonallysymmetric circulation. Tropical Pacific warming similar to that of the 1990s occurred in the 1940s, andthus is a candidate for initiating the current period of ASE glacier retreat.last_img read more

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Romans acquires Drummonds

first_imgThe Romans Group last week announced another significant step in its expansion strategy with the acquisition of Drummonds in Caversham.Expanding its portfolio of estate and letting agencies has been high on the agenda for the Romans Group with seven successful acquisitions already under its belt over the past year or so and a £12 million finance facility from its bankers available for more business purchases.“Romans’ recent growth and ongoing success made it clear to me that this would be a smooth move that would really benefit my clients,” said John Grimes, Founder of Drummonds. “Their experience in the local market place really stood out to me and I know everyone will value the state of the art facilities and extensive advertising campaigns Romans offer from their Caversham branch.”The Caversham-based agency is now fully-incorporated into the Romans Caversham branch which has been established in the town since 2009. Many of the agents have worked in Caversham for over a decade and have vast knowledge of the local property market.As all acquired agencies, the team at Drummonds will now benefit from investment in Information Technology, training, intensive marketing and the numerous services also available to customers on top of sales and lettings, including investment advice, conveyancing, surveying, auction sales and mortgage advice.Peter Fuller (right), Managing Director of Romans Lettings, commented: “With our extensive acquisition experience in the local area, capacity and financing facility, we are ready and able to consider any acquisition opportunity and plan to accelerate our rate of growth this year and in the years to come.”The Romans Group, like a number of firms at the moment, is actively looking to expand its operations, with new locations alongside its 22 existing branches in Berkshire, Buckinghamshire, Hampshire, Surrey and now, Oxfordshire.Only last week Home Minders announced the acquisition of Simon Clarke Residential, while insolvency specialist, BegbiesTraynor, snapped up Leeds-based chartered surveyor, Eddisons.Home Minders’ decision to purchase the lettings and property management firm Simon Clarke Residential increased its business from just over 100 to almost 200 properties under management plus a number of let-only tenancies. It also allows Home Minders to provide an even more focused management service to its landlords, according to Managing Director, Paul Ruocco (left).He said: “This acquisition is a perfect fit with the current Home Minders portfolio as it strengthens our position in the North London marketplace while continuing to allow us to service our properties in East and West London.”Meanwhile, chartered surveyor Eddisons, a specialist in the valuation and disposal of property and business assets, has been acquired by the BegbiesTraynor Group, business recovery practice, for an initial consideration of £5m, with the fee potentially rising to £8.5m depending on financial performance.BegbiesTraynor hopes that the acquisition will enhance its insolvency practice through developing complementary service offerings, including valuation consulting, enabling it to take Eddisons to the “next stage”, according to Anthony Spencer, Executive Director of Eddisons.letting agent qualifications Romans Group acquisition Drummonds January 26, 2015The NegotiatorWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles 40% of tenants planning a move now that Covid has eased says Nationwide3rd May 2021 Letting agent fined £11,500 over unlicensed rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 Home » News » Agencies & People » Romans acquires Drummonds previous nextAgencies & PeopleRomans acquires Drummonds26th January 20150570 Viewslast_img read more

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BSW/MSW Adjunct Instructor

first_imgPosting Details Does this position provide patient or clinical services to theVCU Health System?No Working TitleBSW/MSW Adjunct Instructor DepartmentSocial Work Open Until FilledNo Job Code/Title At VCU, we Make it Real through learning, research, creativity,service and discovery — the hallmarks of the VCU experience. Apremier, urban, public research university nationally recognized asone of the best employers for diversity, VCU is a great place towork. It’s a place of opportunity, where your success is supportedand your career can thrive. VCU offers employees a generous leavepackage, career paths for advancement, competitive pay, and anopportunity to do mission-driven work. CampusMonroe Park Campus Anticipated Hiring RangeCommensurate Description of the Job * Do you have a Masters degree?YesNo Position TypeAdjunct – Teaching Normal work days Organizational Overview Job CategoryAdjunct – Teaching Is any portion of this position grant-funded?No Hours/Week Normal work hours Sensitive PositionNo Recruitment PoolAll Applicants * If yes, what discipline is your degree in? (If no, typeN/A)(Open Ended Question)* If you have earned an MSW, do you have a minimum of two yearspost-degree practice experience?YesNo Supplemental QuestionsRequired fields are indicated with an asterisk (*). Job Open Date06/25/2020 Quick Linkhttps://www.vcujobs.com/postings/99355 Resource CriticalYes Preferred Qualifications Two years post MSW degree practice experiencePrior teaching experience in social work education Remove from posting on or before06/01/2021 Masters Degree. Strong oral presentation and communication skills.Ability to work in a diverse environment Special Instructions to Applicants * Describe your understanding of diversity and inclusion andwhy you feel it is important to this position?(Open Ended Question)* How has your background and experience prepared you forworking with a diverse population?(Open Ended Question)* Would you be interested in teaching through an online ordistance format?YesNo Optional & Required DocumentsRequired DocumentsCover Letter/Letter of ApplicationResumeOptional DocumentsOther Document All candidates must attach to this application a cover letter,curriculum vitae or resume, and the names/contact information forthree references (as an “Other Document”). For information aboutthe School of Social Work, please visithttps://www.socialwork.vcu.edu/ A background check, employment verification and officialtranscripts will be required prior to start date. Position NumberJ00001 The BSW and MSW Programs in the School of Social Work at VirginiaCommonwealth University are recruiting a pool of applicants forpossible adjunct teaching positions in the following area(s) offocus: human behavior in the social environment, research,practice, policy, social justice, or various elective topics.Should the need for such adjunct teaching positions becomeavailable, the School of Social Work will contact persons in thepool whose credentials match our teaching needs. This pool will beaccessed only when an opening arises. Your credentials will remainactive for one year after the date you submit them. After one year,if you are still interested in adjunct teaching, you must re-applyto this adjunct pool. Note that we are unable to hire applicantswho are not already in the pool.Responsibilities:1. TeachingTeach BSW and/or MSW course(s) in the School of Social Work asneeded. These classes could be inclusive of all areas within thediscipline (listed above); to include face to face and/or distanceeducation.2. ServiceAs specified Required Qualifications Does this position require a pre-placement medicalassessment?No Additional Informationlast_img read more

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Coffee Republic is sold to Arab Investments

first_imgCoffee Republic has been rescued from administration and 62 jobs have been saved after a deal was agreed with Arab Investments to purchase the UK coffee chain. Administrator KPMG announced that the acquisition was completed today by the London-based property investment firm. Holding company Coffee Republic plc, had followed its three subsidiaries – Coffee Republic (UK) Ltd, Coffee Republic Franchising and Goodbean Ltd – into administration earlier this month, and the administrators were forced to close 10 under-performing company-owned stores. The firm has said it intended to commit “substantial capital” into developing the brand and will be “embarking on further expansion of the branch network”. The chain currently has 80 outlets, 60 of which are located in the UK. Khalid Affara of Arab Investments, said: “We intend to start growing the business with immediate effect. Coffee Republic has a very strong brand name and we are bringing additional investment into the company to expand the number of retail outlets in the UK and elsewhere.”Richard Hill, joint administrator and KPMG partner, added: “I’m delighted that we have agreed the sale of Coffee Republic, rescuing a substantial part of the business and protecting 62 jobs. While coffee shops face tough competition on the high street in these challenging economic times, the amount of interest we received in Coffee Republic is testament to the strength of the brand.”Arab Investments is currently developing the tallest building in the City of London, The Pinnacle.last_img read more

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