Starbucks says Tingyi to make Starbucks drink products in China

Wed Mar 18, 2015 2:43pm EDT
 
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SEATTLE (Reuters) - Starbucks Corp (SBUX.O: Quote) said on Wednesday it signed an agreement with Tingyi Holding Corp (0322.HK: Quote) for the Chinese food and drink maker to produce and expand the distribution of Starbucks ready-to-drink products in mainland China.

The deal was announced at Starbucks' annual shareholder meeting in Seattle.

(Reporting by Bill Rigby)

 
A cup displaying the Starbucks Coffee logo is pictured at one of the coffee chain's store in Boca Raton, Florida January 19, 2010. REUTERS/Joe Skipper