Tchibo Planning To Sell Stores in UK

The German group has put 33 of its UK stores on the market, as it seeks to scale back its portfolio of smaller shops.

 The 73-strong chain sells coffee alongside a range of clothing, household items, and electrical items. Tchibo plans to restructure its retail channel to concentrate on larger stores and will continue to expand its business in supermarket outlets. The UK business will bring back in line with the overall company strategy.