Top News

Coronavirus Prompts Starbucks To Seek Rent Relief From Store Landlords

From: foxbusiness.com

Starbucks has asked a number of landlords for its corporate-owned store locations for a year of rent relief as it contends with a downturn in sales during the coronavirus pandemic, according to a report Wednesday.

The Seattle-based coffeehouse chain’s chief operating officer, Roz Brewer, sent the request in a letter last week, Restaurant Business reported. In the letter, Brewer requested relief starting June 1 “to support modified operations and adjustments to lease terms and base rent structures, so we can withstand this uncertainty together.”

Read More

To Top