Starbucks CEO: We’re Committed to China, It’s a Market with Decades of Growth

‘We have been in China a long time, we have a great great set of partners in China’

EXCERPT:

JOHNSON: "Well you know Maria we've been in China nearly 20 years now, and you know we have approached China in a way that we think is built a long-term opportunity for Starbucks. We've built our stores in a way that we feel are culturally relevant to the Chinese. We’ve — it is sort of a tea drinking society we have been introducing them to coffee, as well as portfolio of our teas, and this latest step that we’ve taken to acquire one hundred percent of joint venture in east China allows us to unify all of mainland China as a company operated environment which positions us for growth ahead. I think we're now over 3800 stores across mainland China and we just  increased our annual store growth, about that new store growth to 600 new stores a year. So we have been in China a long time, we have a great great set of partners in China, Starbucks partners in our stores, we create a wonderful experience for our Chinese customers and we are committed, it's a market that we think has decades of growth ahead."

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