Starbucks set to open first shop in South Africa

|About: Starbucks Corporation (SBUX)|By:, SA News Editor

Continuing its international expansion, Starbucks (NASDAQ:SBUX) is opening its first shop in South Africa next month, the coffee giant's local licensee Taste Holdings told Reuters.

"By the end of the next two years we will have opened about 12 to 15 outlets," Taste Holdings Chief Executive Carlo Gonzaga declared. "We think the South African market can, right now, take about 150 Starbucks stores."

Previously: Starbucks to open first store in Italy (Feb. 29 2016)

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