More coffee shops to be opened in UK

Starbucks has announced plans to open over 100 new coffee shops in the UK following a surge in sales.

The company intends to invest £30 million into the UK operation, which includes store openings and refurbishments of existing sites.

This comes after reports last year suggested that Starbucks was considering selling its UK business, which currently comprises 1,066 stores.

In addition to its plans for the UK, Starbucks aims to open 300 new sites across its business in Europe, the Middle East, and Africa.

For the UK, the coffee giant plans to focus on drive-through sites and locations within key cities for its 100 new coffee shops.

It also intends to renovate 30 company-operated stores throughout the year.

Starbucks has been encouraged by the performance of its licensed and franchise stores and expects more to open in the current financial year.

The company opened 30 company-operated stores and closed nine sites over the previous year, increasing its number of licensed and franchisee stores by 45.

Despite the pandemic, Starbucks reported a 37% surge in UK revenues to £449.3 million for the year.

However, the company’s operating profits slipped to £12.6 million from £16.5 million in the previous year due to inflationary pressure and investment in staff pay.

Duncan Moir, president of Starbucks Europe, Middle East, and Africa, credited the company’s “fantastic team of partners” for delivering a positive experience for every customer and contributing to the strong revenue growth in the UK and EMEA.


»More coffee shops to be opened in UK«

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