Starbucks Has an Australia ProblemBy
In the U.S., Starbucks may be on every street corner and in every shopping center, but in Australia, the chain has been whittled down to a mere 24 cafes. Unable to grow down under, the company has licensed its local chain to the Withers Group, which operates 7-Eleven in Australia and will take over the existing cafes there. The amount of the deal was not disclosed.
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