SEATTLE—Starbucks is asking its landlords for a year-long breakon rent, according to The Seattle Times.
"Effective June 1 and for at least a period of 12 consecutivemonths, Starbucks will require concessions to support modifiedoperations and adjustments to lease terms and base rentstructures," according to a May 5 signed by Starbucks COO RozBrewer that was sent to landlords, according to publication.
"This is the worst recession since the Great Depression and farmore devastating than the global financial crisis," Brewer wrote."What lays ahead is daunting but by no means insurmountable with ashared commitment and a clear path forward."
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