Starbucks’ turnover in the UK has dropped for the first time ever after the corporate tax revelations of last year.
Brits who were angry about the fact Starbucks paid no corporation tax in its 16-year-history in Britain boycotted the coffee chain – the probable cause of the 3.4% drop in sales to £399m.
However, the company blamed the fall on the closure of its unprofitable outlets.
Starbucks’ gross profit increased by 13% to £79.7m, before deductions of £100.5m, in the year to 29 September 2013.
Starbucks had previously been accused of taking massive deductions from the UK arm of the business for licencing fees and other charges which meant the business technically makes a loss in the UK.