American coffee chain Starbucks is considering leaving the UK market due to high competition. About informs “BBC”.
Starbucks has asked consulting firm Houlihan Lokey to assist in assessing potential purchases for the UK chain of more than 1,000 coffee shops and nearly 4,000 employees.
The BBC said the sale of the business could happen due to high competition and changing consumer preferences due to the coronavirus pandemic.
The text added that the parent company has 300 businesses in the country, with the rest being managed by the franchise.
In mid-July, Izvestia, citing sources in the commercial real estate market reportedHe said that the Starbucks coffee chain, which left Russia, could be opened under the name VKCoffee.
On May 23, 2022, the American coffee shop chain Starbucks announced that it was withdrawing from the Russian market.