Starbucks considers selling its UK business

By: Trademagazin Date: 2022. 09. 15. 07:43

Starbucks is exploring a sale of its UK business, as costs are skyrocketing and competition is getting stronger.

The coffee chain has hired adviser Houlihan Lokey to find parties interested in buying its business in the United Kingdom – Starbucks operates more than 1,000 shops there. Starbucks UK reported sales of GBP 328m for the financial year ending in October 2021.