Starbucks to Acquire Remaining Shares of East China JV to Operate All Stores in Mainland China

July 27, 2017

Company announces agreements to acquire the remaining 50% of its East China JV and divest its 50% interest in its Taiwan JV; both transactions undertaken with long-term JV partners President Chain Store Corporation and Uni-President Enterprises Corporation

Company Reaffirms Its Commitment to Operating 5,000 Stores in Mainland China by 2021

Seattle, WA  (  Starbucks Corporation (Nasdaq: SBUX) today announced entry into a definitive agreement to acquire the remaining 50% share of its East China (“East China JV”) business from long-term joint venture partners, Uni-President Enterprises Corporation (“UPEC”) and President Chain Store Corporation (“PCSC”) for approximately $1.3 billion in cash