Starbucks Is Downsizing Dramatically in Europe, a Market It Still Can’t Crack

Starbucks sbux is selling 83 company-owned stores in France and the Netherlands to its longtime Mexican partner, Alsea SAB alssf . Alsea will also provide services to 179 other Starbucks locations owned by franchisees in France, the Netherlands, Belgium and Luxembourg. Alsea, a Mexico City-based fast food operator, already runs 900 Starbucks outlets across Latin America.

Starbucks plans to close an office in

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