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Starbucks Says It’s Not in Formal Sale Process for Its UK Business

Posted on July 20, 2022July 20, 2022 By alanyeo No Comments on Starbucks Says It’s Not in Formal Sale Process for Its UK Business

Starbucks Corporation (NasdaqGS:SBUX) is not in a formal sale process for its UK business, a company spokesperson said in a statement after The Times reported earlier on July 16, 2022 that the coffee chain is exploring a sale of the UK operations. According to the Times report, Starbucks has not initiated a “formal sales process” of its UK business and continues to “evaluate strategic options” for its company-owned international operations. The company faces rising costs and competition from rivals like Pret A Manger, Tim Hortons and Costa, the newspaper said.

Starbucks at Vivocity Singapore @Copyright Alan Yeo

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News Tags:SBUX, Starbucks

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