Starbucks explores UK business sale, reports say

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Starbucks explores UK business sale, reports say
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The world's biggest coffee chain has been hit hard by lockdown measures and changing customer habits.

Like much of the food and drinks takeaway industry, Starbucks was hit hard by measures to slow the spread of Covid-19.

The company is also facing increased competition in the UK from rival coffee chains including Costa, Pret A Manger and Tim Hortons. The group is currently in the process of finding a new permanent chief executive, while former chief executive Howard Schultz took over the role temporarily.In May, Starbucks said it would leave Russia after 15 years in the country due to the war in Ukraine.

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