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Share Name Share Symbol Market Type
Starbucks Corporation NASDAQ:SBUX NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.19 1.4% 86.00 85.81 86.08 5,782 11:34:03

Starbucks Exploring Sale of U.K. Arm, the Sunday Times Reports

18/07/2022 7:31am

Dow Jones News


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--Starbucks Corp. is exploring a possible sale of its U.K. operations, as it battles rising costs and new competitors, the Sunday Times reports.

--The coffee chain has asked adviser Houlihan Lokey to explore interest for the U.K. business, which employs 4,000 people across more than 1,000 coffee shops, the Sunday Times reports.

-- The U.K. arm, Starbucks Coffee Company UK, reported a pretax profit of 13.3 million pounds ($15.8 million) in the year ended October 2021, along with reported sales of GBP328 million, the Sunday Times reports.

 

Full story: https://bit.ly/3aOItJB

 

Write to Joe Hoppe at joseph.hoppe@wsj.com

 

(END) Dow Jones Newswires

July 18, 2022 02:16 ET (06:16 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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