Business Standard

Sunday, December 22, 2024 | 09:19 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Starbucks mulls selling UK business after coronavirus pandemic hit

The UK is Starbucks' largest market in Europe, the Middle East and Africa

International standards applied in Starbucks tax deal: Dutch govt
Premium

Earlier this year, market researcher Allegra Group said coffee chains in the UK will take four years to recover from the Covid slump.

Leonard Kehnscherper | Bloomberg
Starbucks Corp. has asked its adviser Houlihan Lokey to assess interest for its UK operations, the Times reported Saturday.

The coffee chain continues to “evaluate strategic options” for its company-owned international operations, the newspaper reported, without specifying how it obtained the information. 

A Starbucks spokesperson told Bloomberg it “is not in a formal sale process for the company’s UK business.”

The UK is Starbucks’ largest market in Europe, the Middle East and Africa. As of last year, it had 1,000 stores in Britain, with 297 company-owned and 703 run by licensees, the company said in a financial report for the fiscal year ending

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in