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Starbucks 2019 Growth In China
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8 Feb 2019 10:58 AM EST

According to Reuters.com, "Starbucks Corp is unlikely to cede its leading position in China, the company’s fastest-growing major market, to Chinese startup Luckin in 2019, Starbucks CEO Kevin Johnson said in an interview on Thursday." Johnson told the press, "Just this last quarter we entered 10 new cities in China..." He also pointed out the 18 percent growth in new Chinese stores the company racked up in the fourth quarter.

 

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