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Cafe Coffee Day is a brand owned by Coffee Day Global, a step-down company of Coffee Day Enterprises Ltd (CDEL).(HT Photo)

Cafe Coffee Day shuts 280 more outlets in April-June quarter

New Delhi | By Press Trust of India | Posted by Kanishka Sarkar
UPDATED ON JUL 20, 2020 06:08 PM IST
Cafe Coffee Day reported a decline in average sales per day (ASPD) per cafe to Rs 15,445 during the April-June quarter from Rs 15,739 in the corresponding period of the last fiscal.
Karnataka Pradesh Congress Committee (KPCC) chief DK Shivakumar’s daughter got engaged to Cafe Coffe Day founder late VG Siddhartha’s son.(PTI)
Karnataka Pradesh Congress Committee (KPCC) chief DK Shivakumar’s daughter got engaged to Cafe Coffe Day founder late VG Siddhartha’s son.(PTI)

DK Shivakumar’s daughter set to marry CCD founder VG Siddhartha’s son

Bengaluru | By Asian News International
UPDATED ON JUN 16, 2020 08:09 AM IST
Amarthya Hegde got engaged DK Shivakumar’s daughter Aishwarya at SM Krishna Residence, Sadashivanagar in Bengaluru on Monday.
The board of the company, in its meeting held on Thursday, also decided to appoint a person of eminence or a reputed firm as strategic corporate advisor.(Mint)
The board of the company, in its meeting held on Thursday, also decided to appoint a person of eminence or a reputed firm as strategic corporate advisor.(Mint)

Days after founder V G Siddhartha’s death, Coffee Day Enterprise appoints EY to scrutnize book of accounts

New Delhi | By Press Trust of India
UPDATED ON JUN 12, 2020 10:17 PM IST
EY will also investigate into the circumstance under which Coffee Day Enterprises late founder V G Siddhartha had written the purported letter dated July 27, 2019, alleging harassment by the Income Tax department.
CCD founder VG Siddhartha’s body was found on Wednesday morning from the backwaters of the Netravathi river two days after he went missing.(Mint File Photo)
CCD founder VG Siddhartha’s body was found on Wednesday morning from the backwaters of the Netravathi river two days after he went missing.(Mint File Photo)

In 2017, CCD founder VG Siddhartha admitted to 658-cr ‘unaccounted’ assets: I-T

Hindustan Times, New Delhi | By Rajeev Jayaswal
UPDATED ON AUG 04, 2019 09:26 AM IST
Siddhartha’s body was found on Wednesday morning from the backwaters of the Netravathi river two days after he went missing. In the letter, he indicated mounting pressure on him to service debts, particularly from a “private equity” partner, who was forcing him to “buy back shares”.
The body of billionaire Indian coffee magnate VG Siddhartha was found by a river in Mangaluru on July 31(AFP)
The body of billionaire Indian coffee magnate VG Siddhartha was found by a river in Mangaluru on July 31(AFP)

Death of Cafe Coffee Day founder reveals strain of India’s cash crunch

Bloomberg | By Ari Altstedter
UPDATED ON AUG 01, 2019 02:03 PM IST
VG Siddhartha’s death marks a tragic turn for an admired member of India’s business elite and an executive closely connected to the highest echelons of the political sphere.
Karnataka Chief Minister BS Yediyurappa pay his last respects to the mortal remains of Cafe Coffee Day founder VG Siddhartha, in Chikmagalur on Wednesday.(Photo: ANI)
Karnataka Chief Minister BS Yediyurappa pay his last respects to the mortal remains of Cafe Coffee Day founder VG Siddhartha, in Chikmagalur on Wednesday.(Photo: ANI)

Why the brew turned bitter for CCD founder VG Siddhartha

Hindustan Times, Bengaluru | By HT Correspondent
UPDATED ON AUG 01, 2019 12:24 PM IST
CCD’s founder Chairman V G Siddhartha was missing, and may have killed himself unable to bear the financial pressure he was under. His body washed up on the shores of Nethravati river early on Wednesday morning. How did things come to such a sorry pass for a man labelled “India’s coffee king?”
People carry the body of coffee baron V.G. Siddhartha to an ambulance in Mangalore, India, July 31, 2019.(REUTERS)
People carry the body of coffee baron V.G. Siddhartha to an ambulance in Mangalore, India, July 31, 2019.(REUTERS)

CCD founder Siddhartha cremated at his coffee estate in Karnataka

Bengaluru | By HT Correspondent
UPDATED ON JUL 31, 2019 07:19 PM IST
Cafe Coffee Day owner V Siddhartha’s last rites was held at one of his coffee estates in Karnataka’s Chikkamagaluru district on Wednesday evening, reported a news agency.
Founded by VG Siddhartha, Cafe Coffee Day is now the largest chain of coffee shops in India, a nation of tea drinkers, with 1,750 cafes in more than 200 cities, including outlets in Prague, Vienna and Kuala Lumpur.(AFP file photo)
Founded by VG Siddhartha, Cafe Coffee Day is now the largest chain of coffee shops in India, a nation of tea drinkers, with 1,750 cafes in more than 200 cities, including outlets in Prague, Vienna and Kuala Lumpur.(AFP file photo)

V G Siddhartha: An army aspirant who founded India’s biggest coffee chain

Press Trust of India, New Delhi | By Press Trust of India
UPDATED ON JUL 31, 2019 09:52 AM IST
Coming from a family that has a 140-year history of growing coffee, Cafe Coffee Day owner Siddhartha initially dabbled in stock trading before actually setting his foot in the coffee business.
26 September 2015, New Delhi: VG Siddhartha chairman of Coffee Day Enterprises that runs Cafe Coffee Day outlets. Photo by Priyanka Parashar/Mint(Photo: Priyanka Parashar/Mint)
26 September 2015, New Delhi: VG Siddhartha chairman of Coffee Day Enterprises that runs Cafe Coffee Day outlets. Photo by Priyanka Parashar/Mint(Photo: Priyanka Parashar/Mint)

In the red, VG Siddhartha was struggling to refinance debt

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON JUN 07, 2020 02:27 AM IST
The debt amounted to around 2,000 crore and is over and above the consolidated borrowings of Café Coffee Day (CCD) group, which stood at 6,547.38 crore as of March, according to the people, who spoke on condition of anonymity, reports Livemint.
Vijay Mallya is also facing an extradition trial in the United Kingdom.(REUTERS FILE PHOTO)
Vijay Mallya is also facing an extradition trial in the United Kingdom.(REUTERS FILE PHOTO)

In Vijay Mallya’s tweet on CCD founder Siddhartha, a dig at govt agencies

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON JUN 07, 2020 02:31 AM IST
Mallya, who is currently in the UK, has been charged by the Enforcement Directorate (ED) of defaulting on bank loans to the tune of Rs 9,000 crore. He is also facing an extradition trial in the United Kingdom.
The Indian Coast Guard on Tuesday said it has deployed a ship off the old Mangalore port to search for V G Siddhartha, the founder of the(ANI/Twitter)
The Indian Coast Guard on Tuesday said it has deployed a ship off the old Mangalore port to search for V G Siddhartha, the founder of the(ANI/Twitter)

Coast Guard deploys ship off old Mangalore port to search for CCD founder VG Siddhartha

New Delhi | By Press Trust of India
PUBLISHED ON JUL 30, 2019 01:39 PM IST
ICGS Rajdoot has been tasked to patrol off the old Mangalore Port and maintaining a sharp lookout very close to harbour mouth, while ICGS Savitribai Phule has been kept on standby.
BJP MP Shobha Karandlaje meets Union Home Minister Amit Shah, submits a letter to him, seeking help of central government to trace missing founder & owner of Cafe Coffee Day, VG Siddhartha, in New Delhi on Tuesday.(ANI photo)
BJP MP Shobha Karandlaje meets Union Home Minister Amit Shah, submits a letter to him, seeking help of central government to trace missing founder & owner of Cafe Coffee Day, VG Siddhartha, in New Delhi on Tuesday.(ANI photo)

Need choppers to search for missing CCD founder, say MPs in SOS to Amit Shah

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON JUL 30, 2019 12:25 PM IST
Shobha Karandlaje, who represents Udupi-Chikkamagaluru constituency in the Lok Sabha, also handed over a formal letter requesting central assistance to Shah in this case.
VG Siddhartha chairman of Coffee Day Enterprises that runs Cafe Coffee Day outlets. Photo by Priyanka Parashar/Mint
VG Siddhartha chairman of Coffee Day Enterprises that runs Cafe Coffee Day outlets. Photo by Priyanka Parashar/Mint

Coffee Day Enterprises writes to BSE, NSE confirming Chairman VG Siddhartha’s absence

Mumbai | By Asian News International
PUBLISHED ON JUL 30, 2019 12:21 PM IST
Earlier, Coffee Day Enterprises shed 20 per cent to trade at Rs 154.05 per share after its founder was reported missing.
Café Coffee Day, the main srival of Starbucks in India, was founded by
Café Coffee Day, the main srival of Starbucks in India, was founded by

Café Coffee Day founder goes missing: Here’s his full letter

New Delhi | By HT Correspondent
UPDATED ON JUL 30, 2019 12:22 PM IST
Café Coffee Day, the main srival of Starbucks in India, was founded by VG Siddhartha in 1993. It has over 1500 cafes across India, the first outlet was opened in Bengaluru.
Cafe Coffee Day founder VG Siddhartha went missing from Mangaluru on Monday.(AFP file photo)
Cafe Coffee Day founder VG Siddhartha went missing from Mangaluru on Monday.(AFP file photo)

‘I have failed... sorry’, wrote CCD founder VG Siddhartha in letter to directors

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON JUN 06, 2020 08:27 PM IST
Cafe Coffee Day founder Siddhartha went missing after asking his driver to drop him off at the Netravathi bridge in Mangaluru as he wanted to take a walk.
Siddhartha’s driver told police that he asked him to drop him off near the Netravathi bridge in Mangaluru for a walk. When he didn’t come back after an hour the driver contacted police.(AFP)
Siddhartha’s driver told police that he asked him to drop him off near the Netravathi bridge in Mangaluru for a walk. When he didn’t come back after an hour the driver contacted police.(AFP)

Cafe Coffee Day shares drop 20% after founder VG Siddhartha goes missing

New Delhi | By HT Correspondent
UPDATED ON JUL 30, 2019 10:43 AM IST
Siddhartha’s driver told police that he asked him to drop him off near the Netravathi bridge in Mangaluru for a walk. When he didn’t come back after an hour the driver contacted police.
26 September 2015, New Delhi: VG Siddhartha chairman of Coffee Day Enterprises that runs Cafe Coffee Day outlets.(Mint photo)
26 September 2015, New Delhi: VG Siddhartha chairman of Coffee Day Enterprises that runs Cafe Coffee Day outlets.(Mint photo)

VG Siddhartha founded Starbucks’s Indian rival with 1,500 outlets

By Bloomberg
UPDATED ON JUL 30, 2019 10:46 AM IST
V. G. Siddhartha asked his driver to stop his car, before going for a walk near the Southern Indian city of Mangaluru, local police official Jayant Kumar said by phone. The driver informed police when Siddhartha didn’t return after an hour.
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