Starbucks explores sale of UK business

26 July, 2022

As one of the UK's most well-known coffee chains, Starbucks operates more than 1,000 shops, with around 300 being company-owned. With rising costs and increased competition from new and old rivals, the chain is exploring a sale of its UK business.

Starbucks reported sales of £328million for the year to October 2021, and bounced back after a challenging year of Covid restrictions with pre-tax profits of £13.3m, compared with a £40.9m loss in 2020.

The coffee chains in retail parks and residential locations are more successful, with city centre locations suffering with slower sales due to the trend of working from home post pandemic.

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