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Starbucks Will License Thai Operations To Focus On China

From: bloomberg.com

Starbucks Corp. agreed to license its Thailand operations to a partner, in the latest sign that the coffee behemoth is sharpening its focus on its key markets of China and the U.S.

The company entered into an agreement with Coffee Concepts Thailand, a joint venture between Maxim’s Caterers Ltd. and Thai partner F&N Retail Connection Co., to fully license its retail business in Thailand. The deal is expected to close by the end of the month, the Seattle-based company said in a statement, without giving any financial details.

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