Starbucks Acquires Full Ownership of Some Stores in China

Starbucks Corp. (SBUX) said it acquired full ownership of Starbucks stores in the China provinces of Guangdong, Hainan, Sichuan, Shaanxi and Hubei in an agreement with Maxim’s Caterers Ltd., the coffee company’s joint-venture partner.

As part of the agreement, Maxim’s has acquired Starbucks’s remaining equity stake in the Hong Kong and Macau markets.

To contact the editor responsible for this story: Jeran Wittenstein at jwittenstei1@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.