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What is Starbucks Rent Breaks Spark Landlord Backlash about?

Starbucks sent letters to many of its landlords in May requesting rent reductions for at least 12 months due to financial impacts from the pandemic. However, many landlords rejected the requests, seeing Starbucks as still financially stable with cash reserves. Landlords said agreeing to long-term rent breaks could violate mortgage terms and stressed their businesses rely on the rent payments. While some drive-thru locations stayed busy, other stores like mall locations saw less foot traffic. Negotiations ov

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