• Starbucks Has an Eye-Popping New China Plan: Open a Store Every 15 Hours For 4 Years

    11 days ago - By Fortune

    Starbucks Corp. unveiled a bold plan to more than triple revenue in China over the next five years, at a time when other American corporates worry that simmering trade tensions may disrupt their businesses in the world's second-largest economy.
    Starbucks sbux plans to weather trade tensions by focusing on its Chinese employees and customer base, Chief Executive Officer Kevin Johnson said in an interview in Shanghai on Tuesday. The coffee giant laid out plans to compete with KFC in the race to become China's fastest-growing foreign food chain by opening a new store every 15 hours through...
    Read more ...