Thursday, August 19, 2010

Starbucks Acquires Full Ownership of Starbucks Brazil

SAO PAULO--(BUSINESS WIRE)--Starbucks Corporation (NASDAQ:SBUX) announced today that it has assumed 100 percent ownership and operating control of Starbucks Brazil through the acquisition of Cafés Sereia do Brasil Participações S.A. Converting the market to a company-operated business allows Starbucks to focus on the enormous opportunity in Brazil through pursuing thoughtful growth while continuing to deliver unparalleled customer experience in the largest consumer market in South America.

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