clock menu more-arrow no yes

Filed under:

Starbucks Acquires Japanese Operations for $914 Million

The Japanese market is the coffee giant's second-largest source of cafe revenue.

Starbucks, Fremont.
Starbucks, Fremont.
Starbucks

After operating as a joint venture with Japan-based Sazaby League, Starbucks is about to take hold of its operations in Japan. Eater National reports that the acquisition will take place in two phases and total a sum of around $914 million; Sazaby is selling about 60.5 percent of its ownership stake to the Seattle-based coffee company.

There are currently approximately 1,050 Starbucks outposts in Japan with room to grow into grocery stores and product sales.

Sign up for the newsletter Sign up for the Eater Seattle newsletter

The freshest news from the local food world