It looks like it could be the end of the line for Coffee Republic, the chain of coffee shops founded in 1995 by brother and sister Bobby and Sahar Hashemi.
After the stock market closed the company announced it had asked for its Aim-listed shares to be suspended at 22p "pending clarification of the financial position of certain subsidiaries including Coffee Republic (UK) Limited, the principal UK operating company."
It said documents had been lodged in court in anticipation of the appointment of administrators to these subsidiaries.
Read more:
http://www.guardian.co.uk/business/2009/jul/03/coffee-republic-shares-suspension
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