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Starbucks to offer $10M relief to global partners

April 9, 2020


Restaurants are facing as much as a 27.1% loss of sales, causing many brands to furlough or permanently lay off much of their staff. For brands with larger retail footprints and a more established presence, the option to provide financial relief to store locations, franchise partners, and employees has become more important than ever. Starbucks reported roughly $26.5 billion in revenue for 2019, making it one of the most profitable restaurant brands in the world. It’s global footprint also allows it to better absorb the impact of COVID-19 by continuing to generate income from communities that have not been as badly hit.

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