that its UK business lost £17.2 million in the year ended September 2018, a performance it blamed partly on costs including store closures and higher wages. The business made a profit the previous year.
While sales increased by about 4%, the company said that was offset by"an increase in our cost of sales, which was driven by our efforts to improve our food menu with higher quality ingredients and more fresh food." The United Kingdom is Starbucks' sixth-biggest market by number of stores , behind the United States, China, Canada, Japan and South Korea.
The American chain is the latest in a series of restaurants and retailers to come under pressure in Britain, where many businesses have
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