Coffee giant Starbucks is considering selling its UK business, according to reports. Although the company has denied that a 'formal sales process' has begun, the chain is thought to be suffering in the face of tough competition and changing customer habits following the pandemic.
Around 70 per cent of the 1,000 Starbucks are franchises, with the rest being company-owned that could expect interest from a specialist franchising group or a private equity company, reports The Financial Times.
Starbucks has confirmed it is “not in a formal sale process for the company’s UK business” but that it continued to “evaluate strategic options” for those of its international businesses that are owned by the company.
