Starbucks takes full control of China stores in $1.3 billion deal
Starbucks has seen rapid expansion in China, where it opened its first cafe 17 years ago. By 2011, the company had 400 outlets while today it has nearly 600 in Shanghai alone.
The company plans to close 379 Teavana tea shops due to poor performance, it said.
Jul 28, 2017, 11:34 AM IST
Starbucks, Burger King dragged in as China food scandal spreads
On Tuesday, Starbucks said some of its stores previously sold products containing chicken originally sourced from Shanghai Husi, a firm that was shut down on Sunday.
Jul 22, 2014, 12:55 PM IST
