Starbucks to relocate European HQ to Britain from Netherlands
Published on Apr 16, 2014 10:04 AM
(Reuters) - Starbucks Corp said it decided to move its European headquarters to Britain from the Netherlands following criticism over its low tax payments in Britain last year, The Times reported.
The world's largest coffee chain said the relocation was primarily to get closer to Britain, its biggest and fastest-growing market in Europe, the British daily reported, quoting Starbucks' president of Europe, the Middle East and Africa, Kris Engskov.
Starbucks was not immediately available for comment.
Senior executives will transfer to Starbucks' head office in Chiswick, west London, although manufacturing jobs will remain in Holland, The Times said.
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