Starbucks Invests in Italian Bakery as Reliance on Food Grows

Jul 18, 2016 1018

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/

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