Photo credit: Starbucks press office 

High rents and large royalty payments to its US parent company have led to losses at the UK arm of Starbucks.

The coffee chain made a loss of £32.9 million for the year to last September.

The company last made a profit in the UK in 2006.

Kris Engskov, the UK managing director, said the company is closing, or relocating, less profitable outlets in an effort to improve its bottom line.


Related Stories


Bookmark and Share
blog comments powered by Disqus

Got a story you´d like to share?


Have you seen or been involved in a news event?

Have you got a story to tell or is there something you think we should follow up? 

All stories will be dealt with in a confidential manner, and can be submitted anonymously.


We're on Google+

Search