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WSJ: Starbucks Strikes Deal to Open Stores in South Africa Starting Next Year

Posted on July 14, 2015 0
By Alexandra Wexler And Saabira Chaudhuri

Updated July 14, 2015 2:52 p.m. ET
Starbucks Corp. is joining a flood of international food and retail chains into South Africa as they look to generate demand continent-wide for their products among the region’s growing consumer class.

The Seattle-based coffee chain on Tuesday said it has licensed South African management group Taste Holdings Ltd. to open the first sub-Saharan Starbucks in Johannesburg next year, with more locations in South Africa to come.

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