InvestorQ : Why has Coffee Day been shutting down outlets aggressively?
Juvina Maggie made post

Why has Coffee Day been shutting down outlets aggressively?

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Angel dcosta answered.
3 months ago
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Coffee Day or CCD has shut down 280 outlets in the Jun-20 quarter due to profitability issues. The total count of outlets now stands at 1480. Coffee Day has been paring debt via sale of non-core assets after the death of VG Siddhartha. Coffee Day has already sold its stake in Mindtree to L&T Infotech.

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