Starbucks Explores Selling UK Stores

Starbucks, a global coffeehouse chain, has been actively reassessing its operations in various markets, including the United Kingdom. The company has engaged investment bank Houlihan Lokey to explore the potential sale of its UK stores. This move comes as part of a broader strategy to streamline operations and focus on markets that align more closely with its growth objectives. Starbucks has set an ambitious target to increase its global store count to approximately 55,000 by 2030, up from around 33,000. This expansion plan indicates the company's intent to capitalize on growth opportunities in other regions while potentially divesting from markets that may not be performing as expected. The UK market has faced challenges, including increased competition and changing consumer preferences, which may have influenced Starbucks' decision to consider selling its stores in this region. The exploration of a sale reflects a strategic pivot that could allow Starbucks to reallocate resources and focus on enhancing its presence in more profitable markets.