The world's biggest Starbucks just opened in Shanghai!

The world's biggest Starbucks just opened in Shanghai!

On Tuesday, crowds sampled fresh brews and watched beans being roasted on-site at the grand opening event for the brand's first global Starbucks Reserve Roastery, focused on serving higher-end gourmet coffee.

Starbucks chains are viewed as upmarket destinations in China, enabling the company to extract more profits from them.

Starbucks now has over 3,000 of its stores in China, with 600 in the city of Shanghai alone - and the company hopes to outpace its growth in the US with plans to open at least a store a day nationwide.

It's also the largest Starbucks in the world, spanning an area almost twice as large as the next biggest, a Roastery in Seattle that opened three years ago.

The one bright spot was China, which stood out as Starbucks' fastest growing market.

"China represents the most important and exciting opportunity ahead of us".

The company is riding that wave and expanding aggressively in China, opening a new Starbucks store every 15 hours on average. Of that, China contributes the largest chunk of income.

Try, Try Again: Democrats to Bring Impeachment Articles Against Trump Wednesday
The resolution offered by Green states that Trump has sown discord among the people of the US based on national origin and race. Green cited Trump's equivocating in the wake of a deadly white nationalist rally in Virginia, his attacks on Rep.

Revenue from the Asia-Pacific region accounted for nearly 15 per cent of Starbucks' revenue for the fiscal year ended in October.

Starbucks is serving more than 5 million customers in China per week, Johnson said.

It wouldn't come as a surprise if this "friendship" and "shared values" resulted in key partnerships that would tremendously benefit the Starbucks brand in China, which helping Ma leverage Starbucks' considerable presence in the United States and other key markets.

The company agreed to acquire the remaining 50 per cent of the business in a US$1.3-billion (S$1.8-billion) transaction, giving it ownership of about 1,300 cafes in Shanghai and the Jiangsu and Zhejiang provinces.

Starbucks opened its first Reserve Roastery in its home city Seattle in 2014.

Starbucks already has 600 stores in Shanghai, more than NY or London. Basically, it's like the Willy Wonka Chocolate Factory of coffee shops. At more than twice the size of the original Reserve facility, the Shanghai roastery will be followed by additional Starbucks Reserve roasteries in New York, Chicago, Tokyo and Milan.

Still, roll-out has been slowed by high construction costs and trouble finding suitable real estate.

Related Articles

  • GM enables drivers to order espressos, pancakes from the road

    GM enables drivers to order espressos, pancakes from the road

    By the end of 2018, GM expects 4 million of its Buick, Cadillac, Chevrolet and GMC vehicles in the USA will have Marketplace. Initial partners include a diverse group of large companies such as Starbucks ( sbux ), ExxonMobil ( xom ), and Wingstop.
    Winter storm watch issued - Batavia could get two feet by Friday

    Winter storm watch issued - Batavia could get two feet by Friday

    Total snow accumulations of 12 to 24 inches are possible in the most persistent snow bands in Batavia and Genesee County. The watch included the Iron Range, areas of the Arrowhead away from Lake Superior, and International Falls.
    Supreme Court Lets Stand Texas Ruling That Could Undermine Marriage Equality

    Supreme Court Lets Stand Texas Ruling That Could Undermine Marriage Equality

    That led the 14th Court of Appeals to allow the same-sex spousal benefits, under the argument that Obergefell had settled it. Supreme Court ruled 6-3 against an Arkansas law forbidding same-sex couples from being listed on a child's birth certificate.
  • Quentin Tarantino reportedly pitches idea for new 'Star Trek' movie

    Quentin Tarantino reportedly pitches idea for new 'Star Trek' movie

    Both entertainment outlets confirm the two now plan on bringing a writers room together for Paramount to flush things out. Moving beyond this stage would require a great deal of work before Paramount would consider greenlighting the project.
    United Nations  calls for immediate halt to fighting in Yemen

    United Nations calls for immediate halt to fighting in Yemen

    Houthi officials said their fighters killed Saleh as he tried to flee the capital for his nearby hometown of Sanhan. That helped propel Yemen into the ruinous civil war that has spread hunger and disease among its 28 million people.
    Bryan Singer Fired from Queen Biopic Due to On-Set Drama

    Bryan Singer Fired from Queen Biopic Due to On-Set Drama

    His no-shows resulted in cinematographer Thomas Newton Sigel having to step in to helm some of the days while Singer was absent. The Queen film, entitled Bohemian Rhapsody , stars actor Rami Malek as legendary Queen frontman Freddie Mercury .
  • Russian Federation  banned from 2018 Winter Olympics in South Korea

    Russian Federation banned from 2018 Winter Olympics in South Korea

    Bach said: "This should serve as a catalyst for a more effective anti-doping system led by Wada". The Pyeongchang Games will begin in 66 days, on February 9th, and run until February 25th.
    Shohei Ohtani rules out Red Sox and Yankees, prefers West Coast

    Shohei Ohtani rules out Red Sox and Yankees, prefers West Coast

    The 23-year-old Japanese star faces a December 22 deadline to close a deal with the Major League Baseball team of his choice. Ohtani is limited to a minor league contract because of restrictions imposed by the MLB collective bargaining agreement.
    Offbeat | Former President Barack Obama: 'Think before you tweet'

    Offbeat | Former President Barack Obama: 'Think before you tweet'

    The former President said as much during a meeting with " Les Napoleons " in Paris , and many on social media are sounding off. Some also wonder if Obama boasted about his Twitter following, which is nearly double the size of Trump's.
  • Trump Urging Hatch to Run Again

    Trump Urging Hatch to Run Again

    Romney softened his opposition before the election, however, and was briefly considered to serve as Trump's secretary of state. He charged that Trump's domestic policies would lead to recession and his foreign policies would make the world more unsafe .

    Wildfire spreads in Southern California

    Authorities have given evacuation notices to "well over 30,000" residents in the cities of Santa Paula and Ventura. Almost 180,000 customers in the Ventura County lost power, and schools in the district were closed.
    The Lamborghini Urus is the

    The Lamborghini Urus is the "Super SUV" you'll definitely want to drive

    The design of the 2019 Urus reflects the true characteristics of a Lamborghini with a two-thirds body and one-third window ratio. The sharp creases, deep cuts, and swooping roofline altogether reflects that the SUV is a mean machine.