Starbucks UK focused on ‘regaining momentum’ after posting £35.2m loss

Inflation, the high cost of living and consumer boycotts over the Israel-Gaza conflict negatively impacted the coffee chain’s trading in the UK last year, with greater competition from a growing domestic specialty coffee segment also highlighted as a factor behind lower footfall

Starbucks has reiterated its commitment to the UK market after reporting significant losses and revenue decline last year.