The world's slot biggest coffee chain has been hit hard by lockdown measures around the world.

Starbucks said it was "not in a formal sale process for the UK business".The firm will continue to "evaluate strategic options" for its company-owned international operations, according to the Times.

The newspaper said Starbucks had taken on advisers Houlihan Lokey to explore possible options for the business. New York-based Houlihan Lokey declined to comment.