Triple Two coffee shops expected to go into administration
Coffee shop franchise Triple Two - which opened its flagship cafe as a kiosk in Swindon's Brunel Shopping Centre in 2016 - is expected to enter administration, its owners have announced.
Triple Two has two outlets in Swindon - one, which is 'temporarily closed', at The Crossing in the Brunel Shopping Centre (pictured) and a second, which is still operating, at Havelock Street – also part of the Brunel.
There are currently 11 operating franchises including Cirencester and Reading.
The family-run franchise joined Cooks Coffee Company in 2020.
A statement to investors from Cooks Coffee Company issued this morning (Tuesday) says: "The company expects to shortly appoint administrators to place its Triple Two coffee franchise business, comprising Triple Two Holdings Limited and its subsidiaries, into an insolvency process.
"Triple Two was growing rapidly before the Covid-19 pandemic and had shown continuing momentum in FY22.
"However, in recent times, this momentum has not been able to be maintained and the business has been adversely impacted by the current market environment."