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Starbucks goes big on China with new $220 million facility

Starbucks (SBUX) shares are trending slightly lower after the opening of its new $220 million manufacturing and distribution center in China. The “China Coffee Innovation Park” is part of the company’s bid to expand its presence in China, which also includes plans have about 9,000 stores in the country, about 2,500 more than it currently has. Yahoo Finance’s Brooke DiPalma discusses the likely risks and advantages of of Starbucks efforts to break into China’s coffee market.

 

 

Source: Yahoo! Finance

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