U.K.

Starbucks Threatens Closing Time for British Pubs

Pubs will suffer as the coffee giant goes from lattes to lagers.

This place needs some help.

Photographer: ANDY SHAW

Tim Page, chief executive of the Campaign for Real Ale lobbying group, reckons 27 British pubs are closing every week. While that's down from 30 per week in 2014, it suggests the industry is still reeling from cheap supermarket booze, a general decline in alcohol consumption and a housing boom that makes turning pubs into flats a lucrative enterprise. And now, pubs face yet another competitor for their dwindling bar crowd: Starbucks.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.