The coffee chain has asked Houlihan Lokey to gauge interest for the UK business, which includes more than 1,000 coffee shops (70% franchised, 30% company-run).
SBUX has faced increased competition in the UK from thousands of new independent operators, as well as Costa Coffee, Pret A Manger, and Tim Hortons. Rising costs in the area and a slow return of workers to the office in metro centers has also hurt the business.
The latest development with Starbucks add more intrigue to what should be a riveting conference call when the company reports earnings during the first week of August.
Image and article originally from seekingalpha.com. Read the original article here.