SYDNEY: The owners of the 7-Eleven chain in Australia have taken control of coffee giant Starbucks' struggling local operations in a bid to turn around its fortunes, the company said on Wednesday.
The Withers Group, which has built its convenience store operations to include 600 outlets, has now acquired the local Starbucks licence from its US parent for an undisclosed sum.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!