Starbucks’s retail arm gets £13.7m tax credit even as sales increase

Starbucks's UK retail arm received a £13.7m corporation tax credit despite a 6% sales increase, with total revenues hitting £556.3m. Full-year losses widened to £41.3m, largely due to £40m in royalty fees paid to its parent company. The company opened 92 stores, bringing its total to 1,304, while cutting staff numbers amid financial pressures.

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Summary by Glance · Original reporting by The Guardian Australia – Business