SEATTLE (AP) - Starbucks Coffee Co. said Thursday that it has reached a
licensing agreement with food and beverage concessions company SSP to open
coffee retail stores in more than 150 airports and train stations in Europe.
Starbucks will give SSP licensing rights to its brand in markets that
include France, Germany and Great Britain. Under the terms of the agreement, the
stores are expected to open within the next three years.
Financial terms were not disclosed.
"This collaboration aligns with our strategy to accelerate growth in our
international business," said Starbucks Chairman, President and Chief Executive
Howard Schultz. "It provides us with a strong platform to further expand the
Starbucks brand across Europe."
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