Starbucks is exploring the possibility of selling its units in the United Kingdom as the company faces competition from newer operators. This is reported by The Times,
KYIV. UkraineGate. 17. July . 2022 | World News.
Details
Coffee chain Starbucks has approached a financial services firm to assess interest in its UK business as it faces competition from rival coffee chains such as Pret A Manger, Tim Hortons and Costa.
The British business of Starbucks controls more than 1,000 coffee shops in Britain and has about 4,000 employees.
According to the Times report, the company had not initiated a “formal sale process” for its UK business and continued to “evaluate strategic options” for its international operations.
Source: Ukrgate