SEATTLE Starbucks Corp. said Tuesday it would acquire full ownership of its operations in France, which operate under a joint-venture partnership between Starbucks and a Spain-based licensee, for an undisclosed price. The transaction, which would convert the French market to a fully corporate-operated division, is expected to close Sept. 30. Starbucks’ joint-venture partner, Sigla SA, also known as Grupo Vips, would then hold exclusive rights to operate Starbucks coffeehouses within the ...
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Contact: Desiree Torres Desiree.Torres@penton.com