Starbucks Corp., counting on food sales to help maintain growth, is investing in an Italian bakery and plans to expand it with new locations.

The world's biggest coffee-shop chain is buying a stake in Princi, which sells pastries, pizza and pasta in Europe, according to a statement. Starbucks will also act as a global licensee of the Italian company, helping it to expand globally. Financial terms of the deal weren't disclosed.

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Source: http://www.bloomberg.com/