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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.

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.

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