The Downfall of Compass Coffee

Last week, a British coffee chain called Caffè Nero bought DC’s Compass Coffee at auction. It was an ignominious end for what was once one of the DMV’s hospitality high-flyers, a company founded by a pair of local guys, including one of DC’s most famous families. What went wrong? It’s a story that involves hubris, betrayal, bad decisions, and the economics of a work-from-home city. The Washington Post’s Tim Carman published a deep dive into the fall of the house of Compass, and he’s here to tell all.  Want some more DC news? Then make sure to sign up for our morning newsletter Hey DC. You can text us or leave a voicemail at: (202) 642-2654. You can also become a member, with ad-free listening, for as little as $10 a month. Learn more about the sponsors of this February 23rd episode: Nace Law Group Johns Hopkins University Interested in advertising with City Cast? Find more info HERE.