Friday, May 15, 2020

Starbucks seeks rent relief for next 12 months

Chain Store Age
Starbucks is asking its landlords for a break on rent as COVID-19 takes a toll on sales.

In a letter to landlords that the coffee giant sent earlier the month, the company asked them to “adapt to new realities” — including an anticipated $225 billion hit to the American restaurant industry during the next three months, reported The Seattle Times.. . . more