NZ’s Restaurant Brands to exit Starbucks business in New Zealand

Customers pass by the logo of an American coffee company Starbucks inside a coffee shop in Rio de Janeiro, Brazil August 15, 2018. REUTERS/Pilar Olivares

(Reuters) – Restaurant Brands New Zealand Ltd said on Monday it would not renew its license deal with Starbucks Corp when it expires in October. The fast-food company said in a statement it had sold fixed assets and stock related to its deal with Starbucks Coffee International, Inc to New-Zealand based Tahua Capital for NZ$4.4 […]

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