clock menu more-arrow no yes

Filed under:

Starbucks Drops $914 Million to Acquire Japanese Operations

Starbucks currently owns less than 40 percent of its Japanese unit.


Starbucks is about to take hold of its Japanese operations for the first time. According to a press release, Starbucks Japan has long operated as a "joint venture" between the coffee behemoth and Sazaby League, a Japanese group. Sazaby approached Starbucks this Summer to ask about selling its 60.5 percent ownership stake. The coffee behemoth will make the purchase in two parts for around $914 million in total.

Reuters confirms that there are around 1,050 Starbucks locations in Japan, making it the chain’s "second-largest market in terms of revenue from its coffee shops." The Japanese shops also have "profit margins that are among the highest in the world." Furthermore, there is still potential to grow the brand in Japan by adding more shops and expanding product sales in grocery stores.

Starbucks is also busy expanding stateside: The chain recently announced that it's building a ritzy roastery and tasting room in Seattle, and that it plans on building an express location in New York City.

Sign up for the Sign up for the Eater newsletter

The freshest news from the food world every day