Starbucks plans to open 100 new stores across the UK in 2023 despite rising costs

Starbucks plans to open 100 new stores across the UK this year, as well as invest millions of pounds in upgrading existing cafes, despite the country’s high inflation and rising costs. According to the BBC, the world’s largest coffee chain reported a big jump in sales in the UK for 2022 as it continues to recover from the pandemic.

Starbucks, which launched in the UK in 1998, has over 1,000 outlets in the country. Its UK expansion comes despite inflation - the rate at which prices rise - being near a 40-year-high, pushing up the cost of ingredients for the firm and eating into its profits, the report said.