Monday 11 April 2005 4.16pm
The observation about Marylebone High Street was interesting. If it is owned by one estate, which I am perfectly happy to believe, then the chances are that they, like other establishment property owners, are in it for the long term. They are unlikely to be heavily borrowed, if at all, so there is no debt to service. That puts them in a very un-marketlike position where they can determine, to their pocket, taste or prejudice, what happens.
They may, as emmab says, turn their face against global brands on a point of principle or, on the other hand, they may have worked out that a larger number of smaller, higher ticket tennents, produces more revenue that a smaller number of larger, global brands.
Either way, Starbucks
are always the Johnny-come-latelies. They move in when the scene has moved on.