16 May '18, 3am

Starbucks is opening a new store every 15 hours in China. @Starbucks

Starbucks accelerates net new store growth to 600 per year, expanding to approximately 100 new cities to reach 230 cities across Mainland China by end of FY2022 Expects to more than triple revenue and more than double operating income in China over the next 5 years, relative to FY2017 Announces the launch of new Starbucks® chilled cups this June as part of plans to expand Ready-to-Drink premium points of distribution to 125,000 in 400 cities Nestlé Global Coffee Alliance to further extend Starbucks reach and scale throughout China Purpose-driven Starbucks China and The Starbucks Foundation reaffirm $20 million USD (RMB 132 million) five-year commitment to social impact programs Shanghai, CHINA (May 16, 2018) – Today, Starbucks Corporation (NASDAQ: SBUX) presented the company’s key drivers that will fuel China’s market growth over the next five years at its first-ever China...

Full article: https://news.starbucks.com/press-releases/starbucks-china...

Tweets

Richemont sees sales growth from Mainland China

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