Starbucks CEO On Coronavirus: We Won’t Hesitate To Close More Stores In China If Needed
From: cnbc.com
Starbucks CEO Kevin Johnson sought to tamp down concerns on Wednesday about how the coronavirus outbreak in China would impact the coffee chain’s business there.
“We’ve been in China for 20 years. We realize that this is a temporary issue that we’ve got to deal with,” Johnson said on “Squawk on the Street.” “We’re doing it responsibly. We’re doing it by prioritizing the health and well-being of our Starbucks partners.”
Starbucks has closed more than half of its Chinese locations as the country battles the spread of the virus.
