Starbucks Acquires All Its Stores in China

In: Business News

11 Jul 2011

According to an article written by Adam Roseman in ARC China’s newsletter, Starbucks Coffee Company has recently announced that it plans to acquire ownership of all its stores in China from Maxim’s Caterers Ltd.

Starbucks said the transaction would enable it to increase profitability in China, because it would give the company more direct control of the stores in Chongqing municipality as well as five other provinces.

The agreement states that Maxim’s will be given 100% control over Starbucks branches in Hong Kong and Macao.

According to the company, they intend to have 1,500 Starbucks-branded stores opened in China by 2015.

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Stay up to date on the economic news from China. Gain insight from leading investors in the Chinese market, like Adam Roseman of ARC Investment Partners. Follow the economic trends and changes occurring in the global marketplace, as they relate to changes taking place in China.