Seattle / WA. (sc) Starbucks Corporation is celebrating its 6,000th store in the People’s Republic of China, opening September 30 in Shanghai Lippo Plaza, where the company opened its first Shanghai store more than 20 years ago. The new store is Starbucks’ 1,000th in the port city – making it the first in the world to reach this milestone. The latest addition to Starbucks’ growing portfolio of «Greener Stores» also features leading sustainability solutions and digitized operations.
«Starbucks is celebrating its 6,000th store in China and we are deeply honored to return to where we opened our first store in Shanghai,» said Leo Tsoi, chief executive officer of Starbucks China. «It has been a privilege to share our love of coffee with local customers and contribute to the development of Chinese coffee culture and the Chinese specialty coffee industry over the past two decades. We value the strong connections we’ve built and will never stop developing new coffee products and experiences to delight our customers and earn their support every day.»
While Starbucks is celebrating its latest milestone, the company says it is still in the early chapters of its growth story in China. In this next era of accelerated growth for Starbucks, the company expects to operate about 9,000 stores in 300 cities in the People’s Republic by 2025 and open a new store in China nearly every nine hours over the next three years. The company will also accelerate the roll-out of Starbucks «Greener stores» in the People’s Republic and plans to operate approximately 2,500 «Greener stores» by FY-2025.
OTHER TOPICS FROM THIS SECTION FOR YOU:
- LG Chem and ADM: Joint Ventures in Illinois are canceled
- Wendy’s: Company plans to expand into Europe
- Delivery Hero: may face significant fine due to antitrust violations
- Emmi Group: intends to acquire Mademoiselle Desserts
- AB Foods: announces strong H1-2024 performance
- DSM-Firmenich: Queen Maxima inaugurates new dual head office
- RBI: Announces Investments to Drive Growth in China
- Europastry S.A.: puts its IPO process on hold
- McCormick: Reports Second Quarter Performance
- Reborn Coffee: Closes Master License Agreement for UAE
- General Mills: Reports Fiscal 2024 Fourth-Quarter Results
- SunOpta expands plant for processing plant-based beverages
- Britannia: Operating profit grew 10 percent in FY-2023
- Tate + Lyle and CP Kelco to merge to leading global player
- Ülker Bisküvi: announces Q1-2024 financial results
- Europastry: intends to go public on the Spanish stock exchange
- Europastry S.A.: publishes 2023 Annual Report
- Swisslog: announces new Americas region headquarters
- Reborn Coffee: Expanding Omni-Channel Strategy
- Mondelez International and Lotus Bakeries Join Forces