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Article: Starbucks Acquires Full Ownership of Starbucks Coffee France SAS.
- Article from:
- Food Weekly News
- Article date:
- September 17, 2009
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Starbucks Coffee Company (NASDAQ:SBUX) announced 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 execution of this agreement, Starbucks ...
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Article: Betting Parisians Will Sip Starbucks; Coffee Giant ...
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... ... with Britain, Switzerland and Austria, Starbucks Corp. inaugurated its first Paris store Thursday, with Spanish partner Grupo VIPS. Executives from four major French food companies said they turned down offers from Starbucks to form a joint venture in ...
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