Starbucks Coffee Company Opens First Store in Thailand.SEATTLE--(BUSINESS WIRE)--JULY 17, 1998--Starbucks Coffee International and Coffee Partners Co., Ltd., celebrated the grand opening of the first Starbucks retail location in Thailand today at the Central Department Store, Chidlom, Bangkok. The Starbucks store offers a complete menu of Starbucks internationally acclaimed coffee beverages, a selection of more than 30 varieties and blends of the finest arabica a·rab·i·ca n. 1. a. A species of coffee, Coffea arabica, originating in Ethiopia and widely cultivated for its high-quality, commercially valuable seeds. b. The beanlike seed of this plant. 2. coffee beans coffee bean see sesbania. , freshly baked local pastries and desserts and a wide selection of coffee brewing equipment and accessories. "The people of Thailand can now enjoy a great cup of coffee and a unique specialty coffee experience with the opening of the first Starbucks retail location," said Chairman Sudhitham Chirathivat of Coffee Partners Co., Ltd. "With its passion for quality and excellent customer service, Starbucks will become the market leader in the specialty coffee industry in Thailand." "The commitment of Coffee Partners Co., Ltd. to people and coffee is important in bringing the Starbucks Experience to the Thailand market. When you go into a Starbucks store, the experience is pleasant, uplifting and diverse. It is a place with a heart and soul," said Howard Behar, president of Starbucks Coffee International. "Every store opening enhances our brand recognition, which continues to grow throughout the Asia-Pacific region." As part of Starbucks commitment towards contributing positively to the communities, a percentage of the net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). from the opening day will benefit the United Nations International Children Educational Foundation in Thailand. Coffee Partners Co., Ltd., a subsidiary of Central Pattana, holds the licensing rights to open Starbucks retail locations throughout Thailand. The company is a joint venture between Central Pattana and Keyumars Shirdel, Managing Director, Coffee Partners Co., Ltd. Starbucks Coffee International is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Starbucks Coffee Company (Nasdaq:SBUX SBUX Starbucks Corporation (stock symbol) SBUX Starbucks Coffee Company ). Starbucks is the leading retailer, roaster roaster a young fowl for eating; weighs 5 to 7 lb at 6 months of age. and brand of specialty coffee in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . Thailand represents Starbucks Coffee International's seventh Pacific Rim Pacific Rim, term used to describe the nations bordering the Pacific Ocean and the island countries situated in it. In the post–World War II era, the Pacific Rim has become an increasingly important and interconnected economic region. market. Starbucks Coffee International has opened retail locations in Japan, Hawaii, Singapore, the Philippines, and Taiwan. CONTACT: Starbucks Coffee Company Soon Beng Yeap, 206/587-7430 or Coffee Partners Co., Ltd Kannikar Veerapong, 011-662-937-1734 or http://www.businesswire.com/cnn/sbux.htm NOD+ number is: 800/239-0317 |
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