JLL buys Reading consultancy Coverpoint
JLL is expanding its European retail and leisure consulting team with the acquisition of Coverpoint Foodservice Consultants, a Reading-based specialist food and drink industry adviser.
Coverpoint was founded in 1993 by managing director Jonathan Doughty. Services offered include commercial and operational performance analysis, benchmarking, standards monitoring and due diligence.
"Food and beverage is an offer that is more resilient to the impact of e-commerce and retail polarisation and it adds significant value to user experience in the physical environment," said James Brown, head of JLL's European retail and leisure research and consulting team.
"Coverpoint has an impressive and unparalleled track-record across the global foodservice industry, from retail real estate investors, to restaurateurs and corporate occupiers, and bringing Coverpoint into JLL will help us meet the growing client demand for this type of consulting service."
Coverpoint will be integrated into JLL's Heathrow office in 2015. Doughty said the sale would allow the company to broaden its capacity and client base.
He added: "From larger corporate occupiers looking at workplace strategy, to traditional retail real estate investors to smaller star-up restaurant groups, the F&B sector is in huge demand, but getting strategies right is still the key to success."