Travers Smith LLP has advised Caffè Nero Group on its acquisition of Harris & Hoole from Tesco.
Travers Smith originally advised on the establishment of Harris & Hoole, a chain of artisan coffee shops, in 2012. Harris + Hoole has 43 stores nationwide and Caffè Nero Group currently has over 700 stores worldwide. Tesco originally purchased a 49 per cent stake in the coffee shop chain, before purchasing the remaining 51 per cent stake from the original owners earlier this year.
Tesco were advised by Freshfields Bruckhaus Deringer.