Starbucks is set to open more than 100 new coffee shops across the UK.
The coffee giant says the investment comes after a jump in sales, with more than £30 million being spent on the store openings.
Existing sites will also be refurbished as part of the plans.
The investment comes after reports last year that Starbucks was considering selling the UK business, which comprises 1,066 stores.
The company said it plans to open 300 new sites across its business in Europe, the Middle East and Africa as a whole.
In the UK, it said its plans to open 100 coffee shops will focus on drive-through sites and locations within key cities.
It also aims to renovate 30 company-operated stores over the course of the year.
Starbucks added that it has been “very encouraged by the performance” of its licensed and franchise stores and expects more to open over the current financial year as part of its growth strategy.
It opened 30 company-operated stores over the year to October and closed nine sites. It said it also increased its number of licensed and franchisee stores by 45.
The growth plans came as Starbucks revealed that UK revenues surged by 37% to £449.3 million for the year as it continued its recovery from the pandemic.
However, the business saw operating profits slip to £12.6 million from £16.5 million in the previous year, following inflationary pressure and investment in staff pay.
Duncan Moir, president of Starbucks Europe, Middle East and Africa, said: “We have had a very strong year of revenue growth in the UK and EMEA and I’m pleased to report that we have exceeded our pre-pandemic revenue levels.
“This is all thanks to the hard work of our fantastic team of partners who are dedicated to delivering a positive experience for every customer.”
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules hereLast Updated:
Report this comment Cancel