Starbucks transitions retail business in south korea to e-mart and gic

Seattle--(business wire)--starbucks coffee company (nasdaq:sbux) today announced it has agreed to sell its 50% ownership share of starbucks coffee korea co., ltd. joint venture partner e-mart inc. (shinsegae group) ("e-mart ") will acquire an additional 17.5% interest in starbucks coffee korea co., ltd., giving e-mart 67.5% ownership of starbucks operations in south korea. e-mart has been starbucks joint venture partner in south korea since 1999, when the brand opened its first store near ewha
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