Jul 18, 2022
Starbucks explores UK business sale, reports say
Starbucks is reportedly exploring a potential sale of its UK business as it faces increasingly tough competition and changing customer habits. Starbucks has taken on advisers Houlihan Lokey to explore possible options for the business, it added. Starbucks oversees around 1,000 outlets in the UK, of which about 70% are franchises while the remainder are owned by the firm. In May, Starbucks said it would leave Russia after 15 years in the country due to the war in Ukraine. Starbucks entered Russia in 2007 and had grown to include 130 coffee shops, owned and operated by a licensee.
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