Starbucks acquires 23.5 Degrees
With this addition, Starbucks will ‘significantly’ expand its wholly owned footprint, increasing its total number of company-operated locations to almost 500 in the UK
Starbucks has announced its acquisition of franchise group 23.5 Degrees in the UK earlier this week for an undisclosed amount.
This deal will bring on board the largest Starbucks-licensed business partner in the market, encompassing approximately 113 stores and 1,650 employees.
According to the coffee chain, the deal will further expand its portfolio of company-operated stores and enhance the coffeehouse experience for customers.
With this addition, Starbucks will “significantly” expand its wholly owned footprint, increasing its total number of company-operated locations to almost 500 in the UK.
Alex Rayner, general manager of Starbucks UK, Switzerland and Austria, said: “I want to acknowledge the important contributions of 23.5 Degrees and the dedicated green apron partners.
“This strategic move will enable us to enhance our investment in new locations, elevate our in-store experience, and drive innovation for our UK customers.”
