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| Thursday, November 20, 2008 23:47:47 |
Starbucks acquires 60 outlets from operator
Starbucks Corp., the world's largest coffee-shop chain, bought the parent of Beijing Mei Da Coffee Co., which operates more than 60 Starbucks retail stores in China, gaining more control over its brand, Bloomberg reported.
Starbucks bought High Grown Investment Group (Hong Kong) Ltd., the controlling shareholder of Beijing Mei Da, from H&Q Asia Pacific, a private equity firm, Starbucks said in a statement in Beijing today. The ...
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