Starbucks

Starbucks is a global coffee company founded in 1971 in Seattle, Washington, as a roaster and retailer of whole bean and ground coffee, tea and spices. Today it is the largest coffeehouse company in the world, with 20,366 stores in 61 countries. Starbucks went public on June 26, 1992 at a price of $17 per share (or $0.53 per share, adjusted for subsequent stock splits) and closed trading that first day at $21.50 per share. Starbucks Corporation's common stock is listed on NASDAQ, under the trading symbol SBUX. 

Starbucks announced last week that it was acquiring the 50-per cent interest of its China joint venture that it did not already own from its Taiwanese partners. Photo: AFP

Shares of Taiwan firms fall on sale of China Starbucks business

Shares of Taiwan’s Uni-President Enterprises Corp and President Chain Store tumbled in Taiwan for two straight days after they said they were selling their combined 50-per cent stake in the China Starbucks venture, which would grant the US coffee chain giant full ownership of the lucrative mainla