Uni-President Enterprises Corp (UPE, 統一企業) and President Chain Store Corp (PCSC, 統一超商) yesterday announced a major shift in their partnership with Starbucks Corp on operating the US brand in Taiwan and China…Full Article: Taipei Times July 2017
- Uni-President Enterprises (UPE) and President Chain Store Corp (PCSC) will sell their respective 20% and 30% shares in President Starbucks Coffee Shanghai Corp to Seattle-based Starbucks for USD 1.33 billion. Afterwards, Starbucks will fully control approximately 1,300 Starbucks outlets in the eastern Chinese provinces of Jiangsu and Zhejiang, as well as Shanghai (~600 outlets). At the same time, UPE and PCSC will purchase a 50% stake in Taiwan’s President Starbucks Coffee Corp, giving the two companies full control of Taiwan’s Starbucks outlets.
- From 2016 to 2021, Starbucks hopes to increase the number of its Chinese stores/cafes 2,300 from 5,000.
- From 2014 to 2015, Nestlé’s (Switzerland) share of China’s RTD coffee market grew from from 56.4% to 58.1%, while Suntory Holdings’ (Japan) share declined from 14.2% to 12.6% and Uni-President Enterprises’ (Taiwan) share decreased from 6% to 5.2%. Latte was the most popular within China’s RTD coffee market.
- In 1999, Starbucks opened its first coffee store in China.
- Founded in 1992 and headquartered in Shanghai, Uni-President China, subsidiary of Uni-President Enterprises Corporation (HKG:0220), is a producer and distributor of various beverage and processed food products. Uni-President China controls numerous subsidiaries in mainland China including companies based in Shenyang, Harbin, Guangzhou, Fuzhou, Beijing, Wuhan, Nanchang, Kunshan, Hefei, Chengzhou, Chengdu, and Xinjiang.
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