Starbucks Corp will increase its equity in the joint venture Coffee Concepts Ltd from 5% to 51%, Reuters reported. As part of the deal, Starbucks' partner, Maxim's Caterers Ltd's Mei-Xin, will get 30% interest in a joint venture to operate stores in Chengdu. Starbucks expects to close negotiations within the next 30 days.
You must log in to post a comment.
Yes, I would like to receive emails from China Economic Review. (You can unsubscribe anytime)
Copyright © 2018 SinoMedia Group Limited All rights reserved