Is Starbucks leaving South Korea?

Published

3 years ago

July 27, 2021

Starbucks is transitioning its retail business in South Korea to E-Mart and GIC

Starbucks Corp confirmed it will exit direct ownership of its stores in South Korea, the coffee giant’s fifth-largest market.

Starbucks will sell the 50% stake it owns in a joint venture to local partner E-Mart and Singapore’s GIC.

E-Mart has been Starbucks’s joint venture partner in South Korea since 1999.. when the brand opened its first store in Seoul.

STARBUCKS COFFEE: CO. TO SELL 50% OF KOREA UNIT IN 90 DAYS
— First Squawk (@FirstSquawk) July 27, 2021

E-Mart, which currently owns 50 percent of Starbucks Coffee Korea, said it would acquire an additional 17.5 percent stake that would be worth 474 billion won.

GIC is set to take ownership of the remaining 32.5 percent in the coffee chain.

Warner Brothers & Discovery considers splitting up to boost stock value

Published

1 week ago

July 19, 2024

ticker NEWS

Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

Money

Investors worldwide grow increasingly optimistic about Trump winning the election

Published

1 week ago

July 18, 2024

ticker NEWS

Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

Money

Netflix expands use of ads despite slow subscriber growth

Published

1 week ago

July 18, 2024

ticker NEWS

Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.