200 Degrees plots next phase of growth as it appoints advisers

Nottingham-headquartered coffee roaster and retailer 200 Degrees has appointed advisors to help it through its next phase of growth.

The private equity-backed firm is working with M&A advisors from AlixPartners to explore expansion options, according to hospitality trade title Propel.

At the end of 2023, 200 Degrees opened its 21st outlet in Liverpool – its second shop in the city.

The company was backed by a £3m investment from Foresight in 2017, when it had just six coffee shops.

CEO Stephen Fern told Propel that the company wants to open four or five shops in the next financial year.

200 Degrees was set up in 2012 by Rob Darby and Tom Vincent.