Starbucks Starbucks, along with its partner Delek Group of Israel, closed all six of its locations in Israel, citing "on-going operational challenges" and a "difficult business environment." The Starbucks location in the former imperial palace in Beijing closed in July 2007. The coffee shop had been a source of ongoing controversy since its opening in 2000 with protesters objecting that the presence of the American chain in this location "was trampling on Chinese culture." In July 2008, the company announced it was closing 600 underperforming company-owned stores and cutting U.S. expansion plans amid growing economic uncertainty. On July 29, 2008, Starbucks
Clydesdale Bank mis-selling of products. In March 2016 CYBG announced the closure of 28 branches as a cost saving move. The following month, CYBG announced the closure of a further 9 Clydesdale branches and 17 Yorkshire Bank branches. In June 2018, CYBG plc announced it would acquire Virgin Money for £1.7 billion in an all-stock deal. Almost one in six employees are expected to lose their jobs in the takeover, which will result in retail customers being migrated to the Virgin Money brand over three years. The acquisition of Virgin Money UK was completed on 15 October 2018. Until prevented by the