Starbucks

Retail Shinsegae to double down on hypermarkets as Homeplus falters

Shinsegae Group Chairman Chung Yong-jin has unveiled aggressive growth plans that include opening more E-Mart Inc. hypermarket outlets, defying the ...

Food & Beverage Hollys Coffee goes to Japan as Korean franchises turn gaze abroad

Hollys Coffee, a unit of South Korea’s KG Group, is opening its first overseas outlet in Osaka, Japan, riding on the popularity of Korean cult...

Food & Beverage Starbucks reigns in coffee republic of South Korea; Drink, play and work

In South Korea, coffee is not just something to drink. It’s a culture, in which people drink, play and work.Koreans’ love affair with co...

The KED View WeWork vs Starbucks as workspace in South Korea

In 2019, WeWork’s business model underwent a reality check.Its application for an initial public offering the same year was met with investor ...

Food & Beverage Nestlé seeks to open Starbucks brand stores in Korea

Nestlé S.A., the world’s largest food company, is preparing to open small Starbucks brand stores in South Korea to attract budget-consc...

Food & Beverage Starbucks' space marketing shines in Korea with 'The' stores

Starbucks “The Yeosu Dolsan DT” in South Korea embodies the business philosophy of its founder and former Chief Executive Howard Schultz...

Food & Beverage Starbucks to offer super-size Trenta drinks in S.Korea

Starbucks will roll out its biggest size for iced drinks, the Trenta, next week in South Korea, which was chosen as its first overseas market to int...

Retail Starbuck’s seasonal giveaways still popular in S.Korea

Starbucks Korea announced on Sunday that the amount of application access increased by 50% on average compared to the previous day on last Thursday,...

Food & Beverage Maeil cracks China’s alternative milk market with Starbucks deal

South Korea’s Maeil Dairies Co. has jumped into China’s alternative milk market, worth $17 billion in 2022, by supplying Almond Breeze B...

Food & Beverage One in 5 South Koreans claims Starbucks Rewards stars

Starbucks Korea saw members of its rewards program surpass 10 million this month, meaning that one in every five South Koreans is a registered membe...

Food & Beverage Starbucks Korea conducts voluntary recall on giveaway items

Starbucks Korea, owned by South Korean retail juggernaut E-Mart, conducts a voluntary recall of its line of summer travel bags, following health c...

Food & Beverage Starbucks Korea issues apology for carcinogen-containing merch

Starbucks Korea issued a public apology on Thursday regarding the recent allegations over its line of summer travel bags containing a toxic chemical...

Food & Beverage Starbucks Korea faces its biggest challenge in 23 years 

Starbucks Korea, the undisputed leader in South Korea’s coffee franchise landscape, is facing the biggest challenge of its 23-year history.&nb...

Food & Beverage Starbucks Korea secures No.1 spot in crowded market

Starbucks Korea's sales are on course to exceed 2 trillion won ($1.7 billion) this year, the largest-ever annual revenue for a coffee franchise oper...

Mergers & Acquisitions Carlyle buys coffee franchise A Twosome Place for over $800 mn

The Carlyle Group has bought South Korea's No. 2 coffeehouse chain A Twosome Place from Anchor Equity Partners, saying it would "capture the signifi...

Mergers & Acquisitions Investors revalue E-Mart after owning two-thirds of Starbucks Korea

Shares of E-Mart Inc., South Korea’s largest retailer, are rallying after the company bought an extra stake in Starbucks Korea to control two-...

Mergers & Acquisitions GIC set to buy stake in Starbucks Korea for $700 mn

Singapore's sovereign wealth fund GIC Private Ltd. is set to sign an agreement next week to buy a 30% stake in Starbucks Korea from the coffeehouse ...

Mergers & Acquisitions Singapore sovereign fund GIC to buy 30% of Starbucks Korea for $710 mn

Singapore’s sovereign growth fund GIC Private Ltd. plans to acquire a 30% stake in Starbucks Korea for about 800 billion won ($710 million) fr...

Retail Shinsegae mulls 100% stake in Starbucks Korea

South Korea’s retail giant Shinsegae is reviewing ways to double its stake in Starbucks Korea from 50% to 100%, according to an industry sourc...

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