Singaporean sovereign wealth fund GIC is buying a 30% stake in Starbucks Korea for KRW800 billion (US$713 million) from Starbucks Corp, reports EconoTimes.Shinsegae subsidiary E-Mart currently has a 50% stake in Starbucks Korea and is set to take Starbucks’ remaining 20%.GIC had previously been burnt by its foray into the coffee shop...
Singaporean sovereign wealth fund GIC is buying a 30% stake in Starbucks Korea for KRW800 billion (US$713 million) from Starbucks Corp, reports EconoTimes.Shinsegae subsidiary E-Mart currently has a 50% stake in Starbucks Korea and is set to take Starbucks’ remaining 20%.GIC had previously been burnt by its foray into the coffee shop...