Starbucks and PepsiCo are expanding their ready-to-drink joint venture to other countries beyond the U.S., initially to China. There are currently more than 540 Starbucks stores operating in Greater
China, per the companies.
Starbucks currently sells ready-to-drink coffee beverages in South Korea, Japan and Taiwan through relationships with other companies. The expanded relationship
with PepsiCo will not change the current relationships in those three markets.
--Karl Greenberg