Starbucks to take full control of French operations
Seattle Starbucks Coffee Co. announced Tuesday that it plans to acquire the 50% of its French operations it does not already own, moving to take full control of the fast-growing market.
Starbucks said it entered into an agreement with joint-venture partner Grupo Vips of Spain under which Starbucks, through its subsidiaries, will assume 100% operating control of the Starbucks business in France, converting the market to a company-operated business.
As part of the transaction, which is expected to close on Sept. 30, Grupo Vips will be a fully licensed partner with exclusive rights to operate Starbucks coffeehouses within the territories of Spain and Portugal. Prior to the execution of this agreement, Starbucks and Grupo Vips each held 50% equity stakes in the operating entities in France, Spain and Portugal.
“Grupo Vips has always been, and will continue to be, a great business partner for us in Europe,” said Martin Coles, president of Starbucks Coffee International. “We are excited to work with Grupo Vips in a new capacity as our strategic licensed partner in Spain and Portugal, as we continue to focus on operational excellence and customer experience in the region.”
Meijer to expand Grocery Express program
WALKER Meijer is expanding its Grocery Express program that enables customers to order groceries online and then pick them up at select stores.
According to reports, the retailer will offer the program at certain Meijer stores in Chicago, St. Charles and Aurora, Ill., and Westerville, Ohio.
Through the Grocery Express program, customers can order items online and then select a time and date for pickup.
Toys’R’Us expands Disney offering
WAYNE, N.J. Toys”R”Us and Disney Consumer Products announced that Toys”R”Us will carry an expanded assortment of exclusive Disney-themed Halloween costumes for boys, girls and babies.
In addition, the two companies have announced that they have made a joint contribution of $50,000 to kick off the 2009 costume program.
Beginning in September, an expanded line of 25 costumes based on popular Disney characters can be found at Toys”R”Us and Babies”R”Us stores and online at Toysrus.com ,including costumes resembling Disney Princess characters, Disney Pixar Toy Story’s “Buzz Lightyear” and “Woody”, Power Rangers, Winnie-the-Pooh and Tigger, and Disney Fairies’ “Tinker Bell.” The companies announced that the number of costumes in this year’s program is double that of last year and each bears a recognizable hangtag featuring the CAAF logo and a united mission statement from both companies.
Items range in price from $19.99 to $39.99 and are available in a variety of sizes from infant to toddler.