Starbucks Signs Deal To Open Stores In Sub-Saharan Africa

Starbucks Corp. has struck a deal to push into sub-Saharan Africa, with its first store set to open in Johannesburg in the first half of 2016, the coffee chain said on Tuesday. The Seattle-based coffee group said it agreed to a licensed partnership with Taste Holdings to design and build stores in South Africa. Under the agreement, Taste still own the exclusive rights to develop Starbucks retail outlets in South Africa as well as owning and operating the stores directly.