![Source:](https://biz-file.com/c/2408/748775-64x64.jpg?3)
Marketing & Media trends
Industry trends
BizTrends Sponsors
Subscribe & Follow
Starbucks is coming to SA
![Starbucks is coming to SA](https://biz-file.com/c/1507/294069.jpg)
Shares in Taste Holdings surged 20% to a record high of R5 in early trade, valuing the company at R1.48bn.
"We are very excited to be Starbucks' partner in Southern Africa. As we've visited numerous Starbucks markets and partners around the world we've come to realise that we share similar core values, including a commitment to localisation and uplifting both direct and indirect partners," said Carlo Gonzaga, CEO of Taste.
The license agreement sees Taste owning the exclusive rights to develop Starbucks retail outlets in South Africa. As Taste is the licensee, it will own and operate the stores directly.
For more:
- Business Day: Starbucks is coming to SA
- Wall Street Journal: Starbucks Strikes Deal to Open Stores in South Africa Starting Next Year
- Bloomberg: Starbucks to Enter Sub-Saharan Africa With Taste Coffee Alliance
Source: I-Net Bridge
![](https://biz-file.com/b/1206/36520.gif?3)
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za![](/res/img/s.gif)