Deals
Starbucks Will License Thai Operations to Focus on China
- Firm has been ceding control of businesses in smaller markets
- Thai operations said to be valued at more than $500 million
A Starbucks in Bangkok.
Photographer: Brent Lewin/BloombergThis article is for subscribers only.
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Starbucks Corp. agreed to license its Thailand operations to a partner, in the latest sign that the coffee behemoth is sharpening its focus on its key markets of China and the U.S.