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Posts Tagged ‘Starbucks’

Starbucks wants to be Great in China

In China on 05/08/2017 at 6:00 pm

Looks like Starbucks is running out of suckers in the rest of the world. Still it could be a great play on China as Yum and MacDonalds once were.

Last week BBC reported

Starbucks is to take full ownership of all its China outlets, after agreeing to buying out its joint venture partner for $1.3bn (£994m).

The deal will see it acquire the 50% stake it does not already hold in 1,300 stores in Shanghai and the provinces of Jiangsu and Zhejiang.

Starbucks already fully owns the other 1,500 outlets in China – its fastest-growing market outside of the US.

http://www.bbc.com/news/business-40749055

NYT Dealbook gives more info

China may be clamping down on its homegrown deal-makers. But DealBook’s Andrew Ross Sorkin notes that one American company is making a big move in that country: Starbucks.
Last week, the coffee giant bought out its local partner. It’s part of an eye-opening expansion campaign there, where it’s opening 500 stores a year. Starbucks is even planning a 30,000-square-foot emporium that the company’s chairman, Howard Schultz, thinks could have more significance for Chinese consumers than Shanghai Disney.
“When people ask me how much can you really grow in China, I don’t really know what the answer is, but I do believe it’s going to be larger than the U.S.,” Mr. Schultz told Mr. Sorkin.
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Asean loves Starbucks

In Uncategorized on 12/07/2016 at 2:49 pm

But first fin a fun fact. From NYT Dealbool:

Starbucks Has More Customer Money on Cards Than Many Banks Have in Deposits The coffee giant had $1.2 billion loaded onto Starbucks cards and its mobile app as of the first quarter of 2016.

Vietnam: Game changer in coffee

In Commodities, Vietnam on 05/01/2013 at 11:39 am

Starbucks, the world’s biggest coffee-shop company, will  ope nits first store in Vietnam, in Ho Chi Minh City next month.

But this is the more interesting bit: We know coffee is a national pride for many Vietnamese and as such, we look forward to contributing and growing Vietnam’s already vibrant coffee industry. As we continue to source more Vietnamese high-quality, arabica coffee we want to leverage our scale to bring the best of Vietnam’s coffee traditions to the rest of the world … Starbucks already purchases a notable amount of some of the highest-quality arabica coffee from Vietnam and is committed to sourcing more arabica coffee from the Vietnam region over the long-term. Starbucks will continue to promote responsible business practices and production standards within its existing and prospective supply chains and will work closely with local coffee farming communities to elevate the quality of arabica coffee and introduce customers globally to the rich Vietnamese coffee heritage. 

The will work closely with local coffee farming communities is a standard Starbucks promise. But given that according to the FT, “Vietnam is the world’s second largest producer of coffee beans after Brazil, any contribution Starbucks might make to improve quality and standards there could have a disproportionate impact.” Most of Vietnam’s production is robusta, a lower grade (and cheaper), arabica which is the coffee of choice round the world.

Again, no Asean round-up this week.