Starbucks in strong position to perk back up
Published 29/10/2010 | 05:00
THE head of Starbucks in Ireland and the UK has said it is a matter of "when, not if" business here will return to growth.
Darcy Willson-Rymer said the coffee giant's Irish operation -- after closing stores last year -- was now in a strong position to capitalise on any growth that comes back to Ireland.
The Starbucks group will report its latest quarterly earnings next week and Mr Willson-Rymer believes that, despite its economic crisis, Ireland can recover.
"Ireland has been hit harder than most countries but we have focused on our core business and we feel we are now in a good place," he said.
Last year Starbucks closed five stores in Ireland but Mr Willson-Rymer claims that about 90pc of staff affected were redeployed within the firm.
In the year ending September 2009, the Irish arm of the Seattle company narrowed losses to €1.6m from €5.5m the year before.