Starbucks plans to open more stores in Germany, concentrate on big cities like Berlin, Munich and Duesseldorf, executive says
November 14, 2013
(Industry Intelligence - Demo)
– According to Kris Engskov, Starbucks Corp.'s head of its Europe, Middle East and Africa (EMEA) division, the company plans to open more stores at train stations and on motorways in Germany, Thomson Reuters Corp. reported Nov. 12.
Starbucks would concentrate on big cities like Berlin, Munich and Duesseldorf, Engskov said.
Starbucks has been reviewing its stores in Europe over the last five quarters, closing 72 in that time, but said at its fourth-quarter results last month that it now plans to open 150 new ones in the EMEA region in its new fiscal year.
The primary source of this article is Thomson Reuters Corp., London, England, on Nov. 12, 2013.