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Starbucks China denies reports of franchise opening

Starbucks China denies reports of franchise opening

Starbucks China said on Tuesday that reports claiming it has begun opening franchise opportunities nationwide are false, in response to a query from Jiemian News.

Posts circulating on social media had said the company would roll out franchising in phases from April, with per-store investment estimated at 1.1 million to 1.3 million yuan ($161,000–$190,000).