Starbucks says "it will thrive" right before telling landlords they must lower the rent
Boing Boing -

Starbucks felt pretty confidant on May 4, when CEO Kevin Johnson posted on its website that Starbucks “will not just survive, but with adaptations and new routines, it will thrive.” But a day later, the company's COO Roz Brewer sent a letter to its landlords that said, “Effective June 1 and for at least a period of 12 consecutive months, Starbucks will require concessions to support modified operations and adjustments to lease terms and base rent structures.” Well, demanding reduced rent for one...

Read this story at

Loading...

Related Articles