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Article: France : Starbucks Acquires Full Ownership of Starbucks Coffee France SAS.
- Article from:
- TendersInfo
- Article date:
- September 1, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: pinto03
Starbucks Coffee Company (NASDAQ:SBUX) announced today that its subsidiaries, Starbucks Coffee EMEA and Starbucks Coffee International, Inc. have entered into an agreement with joint-venture partner, Sigla, S.A. (Grupo Vips) of Spain, to which Starbucks, through its subsidiaries, will assume 100 percent operating control of the Starbucks business in France, converting the market to a company-operated business. As part of the transaction, which is expected to close on Sept. 30, 2009, Grupo Vips will be a fully licensed partner with exclusive rights to operate Starbucks coffeehouses within the territories of Spain and Portugal. Prior to the ...
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