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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.

A Starbucks in Bangkok.

Photographer: Brent Lewin/Bloomberg

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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.