Starbucks launches dining cafe in China

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

Facing slowing sales growth in its second-largest market, Starbucks (NASDAQ:SBUX) is launching a new all-day dining cafe in Shanghai amid pressure from a growing number of independent coffee shops.

The Starbucks Reserve Bakery Cafe is the firm's first such store in China and will offer its premium coffees, freshly prepared food from its Princi Italian bakery and alcoholic drinks from a "mixology bar."

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