85% of Starbucks Stores in China Have Re-Opened, CEO Says

Some 85 percent of Starbucks stores in China are back up and running, the coffee chain’s Chief Executive Kevin Johnson said in a tweet yesterday.

Starbucks closed about half of its 4,300 locations in China due to the novel coronavirus, and said in its most recent earnings conference that it had planned to raise its guidance before the outbreak.

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Source: Yicai Global

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