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Bewley's Cafés and the crisis in the world coffee market
national |
consumer issues |
opinion/analysis
Friday October 29, 2004 12:09 by Michael Hennigan - Finfacts.com
'The Irish poet Brendan Kennelly once described Bewley's Café in Grafton Street as the 'heart and the hearth of Dublin'. Dublin, he said, would not be Dublin without Bewley's. These sentiments have been echoed by generations of Irish people since Joshua Bewley first introduced tea to the Irish public in 1835. The foregoing words are from the Campbell Bewley Group website and yesterday, the company announced that the landmark Bewley coffee shops in Dublin’s Grafton Street and Westmoreland Street are to close next month. The coffee shops have accumulated losses of over €4m despite investment of €12m since 1996. The Grafton Street shop is located on one of the most expensive streets in the world and inevitably will become another site for a global consumer brand. |
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