Starbucks reopens 90% of its stores in China
The company expects to open about 95 percent of its stores in China by the end of second quarter of fiscal year 2020. [Photo provided to chinadaily.com.cn]
Starbucks Coffee Company has opened 90 percent of its stores in China, although under modified hours and conditions.
The company expects to open about 95 percent of its stores in China by the end of second quarter of fiscal year 2020, according to a note written by Kevin Johnson, president and CEO of Starbucks Coffee Company, to the shareholders on March 5.
The company has recently reopened its headquarters, regional support center and Farmer Support Center in Yunnan province and Starbucks Reserve Roastery in Shanghai, all of which experienced temporary closures in recent weeks.