Starbucks Transitions Retail Business In South Korea To E-Mart And GIC

Reuters2021-07-27

Starbucks Corp :Starbucks Transitions Retail Business In South Korea To E-Mart And Gic.Founding Partner E-Mart Will Continue Operations And Growth Of Starbucks Coffee Korea.Agreed To Sell Its 50% Ownership Share Of Starbucks Coffee Korea Co., Ltd.Starbucks - Jv Partner E-Mart Inc. To Acquire Additional 17.5% Interest In Starbucks Coffee Korea Co., Ltd.Starbucks - Acquisition To Give E-Mart 67.5% Ownership Of Starbucks Operations In South Korea.Starbucks - Singapore’S Sovereign Wealth Fund Gic Will Take A 32.5% Ownership Stake In Starbucks Coffee Korea Co., Ltd.Starbucks-Agreed To Sell Remaining Ownership Share Of Starbucks Coffee Korea Co To Affiliate Of Gic Private Limited, Singapore’S Sovereign Wealth Fund.Starbucks - Completion Of The Business Transition Is Expected Over The Next 90 Days.

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