Starbucks Corp announced on Thursday it is taking full control of its mainland outlets after a buyout deal to acquire the remaining 50 percent share it did not own from its long time joint venture partners.The coffee giant already fully owns another 1,500 stores in the mainland, which outside the United States is its quickest-expanding market.
Jason Yu, general manager of Kantar Worldpanel China, said a unified ownership structure will help Starbucks to accelerate its market development and franchise expansion, as a result of a faster decision-making process and a single strategy.