You are here: Home » International » News » Companies
Business Standard

As other US companies flee China, Starbucks marches in

It has found a way into the country's culture as well as the good graces of the govt

Andrew Ross Sorkin | NYT 

Google does very little business there. McDonald’s has agreed to sell its business and license its name there. Coca-Cola, after investing heavily, sold its bottling unit there. Where is “there”? China, of course. At a time when many United States companies have been beating a path away from China, worried about censorship as well as political and economic volatility, one company has been quietly going the other direction: Starbucks. Amid last week’s busy news cycle — filled with company earnings reports and chaos in Washington — Starbucks made ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Tue, August 01 2017. 23:14 IST