Starbucks is reportedly exploring a potential sale of its UK business as it faces increasingly tough competition and changing customer habits.
Starbucks has been in the UK since 1998 and has about 1,000 outlets, of which about 70% are franchises while the remainder are owned by the firm.
Along with its rivals, it is also dealing with rising costs as well as having to adapt to customers’ changing habits as many people shift to hybrid work from home schedules.
The firm said that it would retreat entirely from the Russian market, after suspending trading there in March.
Read more: BBC
