Starbucks plans 150 stores in South Africa: CEO

JOHANNESBURG U.S. coffee chain Starbucks (SBUX.O) plans to open up to 150 stores in South Africa, founder and chief executive Howard Schultz said on Friday.Starbucks, brought in under license by South Africa’s Taste Holdings (TASJ.J), opened its first store last week in a mall in an affluent suburb of Johannesburg.

“I’ve never seen a line like this after a week of our opening,” Schultz told journalists at the store.

(Reporting by TJ Strydom; Writing by Mfuneko Toyana; Editing by Ed Stoddard)


Leave a Reply

Your email address will not be published.