Starbucks Will Reportedly Open a New Store Every 15 Hours in China Until 2022

An aggressive expansion plan for the coffee giant.

By
Design
37,484 Hypes 28 Comments

Currently, China sits second, behind only the U.S., as Starbucks’ second largest market, with the coffee giant expecting the Asian nation to one day overtake the Western powerhouse, eventually securing sole possession of first place. In a recent report filed by Bloomberg, the American chain has set a plan in motion to help fast track this prediction by opening a new store every 15 hours through the year 2022, resulting in 6,000 stores when all is said and done.

It has also been reported that Nestle SA finalized a dually-lucrative $7.2 billion deal with Starbucks, which helps provide the necessary capital to foster such an aggressive expansion plan. The deal will now allow Nestle to support Starbucks products in a way foreign to the coffee brand on that side of the world, ushering in branded products to local supermarkets, restaurants and catering companies. What are your thoughts on this plan?

In case you missed it earlier, Starbucks’ Tea-ramisu Frappuccino blends creamy cheesecake milk & Japanese matcha.

Read Full Article
Source
Bloomberg

Join Our Discussions on Discord

The HYPEBEAST Discord Server is a community where conversations on cultural topics can be taken further.

962 Users Online

What to Read Next

Nike Air Zoom Spiridon Gets Covered in National Flags
Footwear

Nike Air Zoom Spiridon Gets Covered in National Flags

Worldwide.

Snoop Dogg Helps Break the Guinness World Record for Largest Paradise Cocktail
Music

Snoop Dogg Helps Break the Guinness World Record for Largest Paradise Cocktail

An ode to “Gin and Juice.”

Travis Scott Spotted Courtside in Unreleased Air Jordan 4 "Purple"
Footwear

Travis Scott Spotted Courtside in Unreleased Air Jordan 4 "Purple"

Cheering on the Houston Rockets.


No Malice Thinks Drake's "Duppy Freestyle" Is Great for Hip-hop
Music

No Malice Thinks Drake's "Duppy Freestyle" Is Great for Hip-hop

He also talks about Pusha T’s ‘DAYTONA.’

BAPE and PORTER Release New Accessories for Summer
Fashion

BAPE and PORTER Release New Accessories for Summer

More CAMO goodies.

Watch Thanos Make His Getaway in 'Grand Theft Auto V'
Gaming

Watch Thanos Make His Getaway in 'Grand Theft Auto V'

Featuring a fully-powered gauntlet.

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Help us serve you better

We appreciate your support in allowing HYPEBEAST ads, where we can share contents from the latest fashion, to those culturally relevant. In adding HYPEBEAST to your ad blocker's whitelist, ads on our sites will show while you continue to browse.