Chain ends 12-year deal with Urban Coffee Opportunities
Starbucks Corp. on Thursday said it has taken full ownership of Urban Coffee Opportunities, or UCO, a company operating more than 100 coffeehouse locations that was a partnership with Magic Johnson Enterprises. Launched in 1998, UCO was a rare 50/50 partnership between Starbucks and basketball great Earvin “Magic” Johnson’s Los Angeles-based Johnson Development Corp., a division of Magic Johnson Enterprises. The goal had been to develop Starbucks locations in underserved ...
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