Starbucks Corporation (NASDAQ:SBUX): Closing price $65.80
Anticipating its 15-year anniversary celebrations in Malaysia, Starbucks announced intensions on Wednesday to open 100 new stores in Malaysia during the next four years. Group President of Starbucks China and Asia Pacific, Channel Development, and Emerging Brands John Culver, reaffirmed the firm’s commitment to building the brand in Malaysia and throughout Southeast Asia during his two-day market visit in Kuala Lumpur. Prior to this, Starbucks reported its plans to add 100 new stores in Indonesia over three years, 100 in the Philippines over four years, and to double the number of stores in Thailand during the next five years.
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