Starbucks Wakes Up to Pounds 47m Loss in a Single Year ; Coffee Giant Pins Hopes On 'Boho' Redesign for Branches in Capital

Summary

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THERE was a time when a Starbucks seemed to be springing up in every high street in London.

But the coffee chain's expansion in the capital has come to a halt after its UK branches lost nearly Pounds 47 million in the recession.

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Extract

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Starbucks Wakes Up to Pounds 47m Loss in a Single Year ; Coffee Giant Pins Hopes On 'Boho' Redesign for Branches in Capital

Dozens of less successful branches are being shut or sold, with more closures to come next year - an extraordinary turnaround from the 50 or more openings...

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