Starbucks (NASDAQ:SBUX) is reaching a major milestone with its 6,000th store in China. This will also be the company’s 1000th store in Shanghai. It is also launching a city-themed handcrafted coffee beverage in China to mark the occasion.
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Moreover, the company is gunning for accelerated growth and aims to reach 9,000 stores in 300 Chinese cities by 2025.
This implies Starbucks will open a new store every nine hours over the next three years in China.
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