By Lucy Hooker Published 14 September 2017 comments Comments Share close Share page Copy link About sharing At 10am the morning rush is already over at our local Starbucks and Costa. Only Nero’s has a queue, and they’re all BBC staff. Thanks to the soaring number of coffee shops on UK High Streets, you seldom have to go far for a caffeine fix. But according to investment bank Citigroup it is time the big brands woke up and smelled the coffee. We are about to reach saturation point for coffee shops, say analysts, with expansion stalling within five years. Citigroup researchers are suggesting that investors holding shares in Costa’s owner Whitbread may want to have a rethink. Citi predicts only “four to five years structural growth remain in the UK coffee market”. In other words, in five years’ time Costa won’t be opening new shops at the breakneck speed of recent years. It may not be opening any at all – because we’ll have enough. On many of the UK’s streets, it already feels as though there are plenty of places to pick up a pick-me-up. Ten years ago there were fewer than 10,000 places to buy coffee in the… Read full this story
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