NewsWorld

Starbucks resumes coffee shop chain in China

UNITED STATES (OBSERVATORY NEWS) — The American Starbucks Corp., which owns the world’s largest coffee shop chain, has resumed operation of hundreds of its outlets in China, which were closed due to an outbreak of coronavirus.

According to Starbucks CEO Kevin Johnson, 85% of chain stores are already operating in China , the company’s second largest market, as the situation in China improves.

The number of new infections in China is declining, over the past day in China identified 327 cases, the State Health Committee of China said. This is the lowest since January 23rd.

Starbucks sees early signs of improvement in the region, the company’s network in China has 4.29 thousand coffee houses, 640 coffee houses remain closed.

The company warned that the closure of coffee houses will adversely affect the performance for the second financial quarter and the entire current financial year.

Online:

This article is written and prepared by our foreign editors writing for OBSERVATORY NEWS from different countries around the world – material edited and published by OBSERVATORY staff in our newsroom.

Our Standards, Terms of Use: Standard Terms And Conditions.

Contact us: [email protected]

Stay connected with Observatory and Observatory Newsroom, also with our online services and never lost the breaking news stories happening around the world.