Starbucks planning to more than double its presence in South Korea by 2016, grow its stores there to 700 from current 340, CEO says

Graziela Medina Shepnick

Graziela Medina Shepnick

May 2, 2011 – Industry Intelligence

LOS ANGELES , May 2, 2011 () – Starbucks Corp. is planning to more than double its presence in South Korea by 2016, CEO Howard Schultz said on April 28, Reuters reported on the same day.

According to the news agency, the Seattle-based coffee chain, which opened its first store in South Korea in 1999, is targeting 700 shops in the country over the next five years; Starbucks now owns 340 stores there.

The primary source of this article is Reuters, London, England, on April 28, 2011.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.

Share:

About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025 795

+1 (310) 558 0008
+1 (310) 558 0080 (FAX)

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.