THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Starbucks to sell 16 central London leases

Starbucks UK is planning to sell 16 sites in central London as it looks to cut its rental bill.

GENERAL MERCHANDISE

Starbucks to sell 16 central London leases

According to British Baker, the coffee chain has appointed commercial property agents CBRE to sell some of its leasehold units in the capital.

The news comes just weeks after Starbucks put three of its Oxford Street leases on the market as it concentrates on more upmarket, cheaper sites in locations off the main streets of the capital.

The latest leases to be put up for sale include stores on Wigmore Street, Villiers Street, Baker Street and a two locations on the King’s Road.

A Starbucks UK spokesperson, told British Baker: "As is the case in all retail businesses, we regularly review our store portfolio, and as a result we are continuously marketing a number of sites while simultaneously looking for new locations. Over the course of this year we anticipate our overall store count to continue to climb as we ensure that we have the right store portfolio, in the right places."

Earlier this year, Starbucks announced planned multi-million investment in stores across London including six major renovations and 70 refurbishments within the next few months.

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Retail Human Resources Summit
Retail Human Resources Summit
Wednesday 3 October 2018
The Cavendish Conference Centre, London W1
The 10th HR Summit 2018, The Cavendish Conference Centre, London W1, 3rd October 2018
The Retail Design Summit 2018
The Retail Design Summit 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Summit 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
National Minimum Wage Breakfast Briefing
National Minimum Wage Breakfast Briefing
20 September 2018
6th Floor 1, St. Martin's Le Grand London, EC1A 4AS
National Minimum Wage Breakfast Briefing