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Thursday
Dec012011

Starbucks Set to Expand Business in the UK

Starbucks Corporation(LONDON) -- Starbucks is planning a big expansion in the United Kingdom.  The Seattle-based coffee chain plans to open 300 new stores, creating 5,000 new jobs in these troubled financial times.  

Two-hundred of the new openings will be drive-through shops, of which Britain currently has just nine, according to InvestorPlace.com.  Starbucks will open 100 new walk-in establishments in addition to about 700 other outlets in Britain.

With youth unemployment over the one million mark, Prime Minister David Cameron has called the announcement, "a real boost for Britain." Half of the chain's coffee shop staff is under the age of 24.

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ABC News Radio