Auckland cafes 'bruised and beaten' says Supreme CEO

Auckland cafes 'bruised and beaten' says Supreme CEO
The new chief executive of Coffee Supreme says the cafes doing best are still those in the suburbs. (Photo: supplied)
Dan Brunskill
The chief executive of coffee roastery Supreme says many of its Auckland customers are yet to reopen their shops and some may never do so.Freshly appointed CEO, Jesse Newson told BusinessDesk it hadn’t lost any customers yet, but he worried some would not return even under the traffic light system.Supreme could afford to operate even with weaker demand at higher alert levels, but many of its customers couldn't.  “If you are 20% down in revenue and running a cafe, there's just not that sort of fat on the operations,&rdqu...

More Economy

Monthly CPI tech takes Stats NZ into the future
Economy

Monthly CPI tech takes Stats NZ into the future

Budget funding for new inflation-reporting tech is a giant leap forward, agency says.

Maria Slade 27 Jun 2025
Corporates think NZ 's on the up: Forsyth Barr
Primary Sector

Corporates think NZ 's on the up: Forsyth Barr

The Pulse of NZ Business survey found construction and retail continue to lag.

Gregor Thompson 25 Jun 2025
S&P/NZX 50 Index opens down after US strike on Iran
Economy

S&P/NZX 50 Index opens down after US strike on Iran

NZD/USD also under pressure as investors seek safe haven. 

Rebecca Howard 23 Jun 2025