Starbucks Weighs Selling Its UK Operations

While the coffee chain experienced a rebound in revenue after Covid-19 lockdowns eased in the UK, it said the financial performance of company-owned stores had not recovered to pre-pandemic levels.

Starbucks opened 14 new company stores during fiscal year 2021 and closed five, it said.

Starbucks has asked its adviser Houlihan Lokey to assess interest for its UK operations, the Times reported.

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