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The Financial Times reports that "Starbucks is examining a possible sale of its UK business," and has hired financial advisers to look at potential strategic options, though it has not formally launched a sale process.

FT writes that Starbucks "oversees about 1,000 stores in the UK of which about 70 per cent are franchises and the rest company owned."

It wouldn't be the first time Starbucks make such a move;  last year, Starbucks sold its South Korean operations "to its local partner and the Singaporean sovereign wealth group GIC, though it continues to receive royalties from the operation."