Starbucks Korea posts first loss in 27 years as controversial promotion sparks boycott
SCK Company, which operates Starbucks in South Korea, recorded an operating loss of 18.4 billion won (SGD13 million) in the three months through June, compared with an operating profit of 40.3 billion won a year earlier, according to a statement on August 13, as reported by Bloomberg. Net sales fell 6.1% from a year earlier … Read more