Starbucks to open first coffee roastery outside U.S. in Shanghai

Thu May 26, 2016 3:03am EDT
 
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(Reuters) - Starbucks Corp (SBUX.O: Quote), the world's biggest coffee company, said on Thursday it would open a coffee roastery in Shanghai, China in 2017, its first outside the United States.

The company currently operates only one such roastery in Seattle, which it opened in 2014. It has signed leases to open one more in New York.

Starbucks has been investing heavily in China, the company's largest market outside the United States, despite signs of slowing growth.

The company said in April that business in China remained strong even as its economy cools.

(Reporting by Ramkumar Iyer in Bengaluru; Editing by Sriraj Kalluvila)

 
A barista pours a drink at a newly designed Starbucks coffee shop in Fountain Valley, California August 22, 2013. REUTERS/Mike Blake/File Photo