TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

Starbucks sees Myanmar entry in couple of years

Starbucks CEO Howard Schultz said Monday the coffee chain's first stores in India and Vietnam have been received positively and it might soon be time to give Myanmar a shot too

The Jakarta Post
Bangkok
Mon, May 13, 2013 Published on May. 13, 2013 Published on 2013-05-13T19:17:58+07:00

Change text size

Gift Premium Articles
to Anyone

Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!

S

tarbucks CEO Howard Schultz said Monday the coffee chain's first stores in India and Vietnam have been received positively and it might soon be time to give Myanmar a shot too.

"Within the next couple of years, I'd say," said Schultz of plans to enter Myanmar. His visit to Bangkok this week coincides with the coffee giant's 15 year anniversary of opening in Thailand.

Starbucks opened its first Vietnam store in February and its first store in India last year. Myanmar is attracting interest from foreign companies and investors after economic and political reforms that have resulted in the European Union dropping sanctions against the country and the U.S. easing them.

Starbucks also announced plans to double the number of stores in Thailand within five years to about 320, but that wasn't the purpose of the visit to the Buddhist kingdom.

Schultz was in Thailand to announce the opening of Starbucks' first so-called community store outside the United States. Starbucks has a long history of helping neighborhoods where it does business, Schultz said, and the community store concept, based on profit-sharing, is an extension of that tradition.

A portion of revenues earned at the Starbucks store on Bangkok's swish Lang Suan boulevard will be directed toward farming communities in northern Thailand that grow coffee for the Seattle-based chain. The money will be directed to the Integrated Tribal Development Program to support education, health and irrigation projects.

Starbucks' other three community stores are in Los Angeles, New York City and Houston.

Schultz said he was optimistic about the coffee chain's future in China, even though economic growth is slowing while competition from local brands is heating up. The company has been operating in China for 13 years, with 850 stores in mainland China.

"We've built the kind of business that has garnered a fair amount of trust from multiple constituencies in China," Schultz said. "I think the market is large enough for many people, and I think we have a unique opportunity to maintain our leadership position."

"Success is not an entitlement anywhere in the world," he said. "Certainly not in China. You have to earn it, and earn it every day."

 

Your Opinion Matters

Share your experiences, suggestions, and any issues you've encountered on The Jakarta Post. We're here to listen.

Enter at least 30 characters
0 / 30

Thank You

Thank you for sharing your thoughts. We appreciate your feedback.

Share options

Quickly share this news with your network—keep everyone informed with just a single click!

Change text size options

Customize your reading experience by adjusting the text size to small, medium, or large—find what’s most comfortable for you.

Gift Premium Articles
to Anyone

Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!

Continue in the app

Get the best experience—faster access, exclusive features, and a seamless way to stay updated.