A giant player of coffee market in the next 12-18 months will report on plans to build multibillion-dollar business in the grocery industry, in which new products and new product lines will be presented, said CEO Howard Schultz in an interview with the German Spiegel, which was published on Tuesday by the journal's website. I can not tell in details how it will look like, but we plan to build a multibillion-dollar business in the grocery industry, with operations in the domestic market and abroad. I think in the next few years people will be surprised by the capability of Starbucks . With respect to the price of coffee Schultz said that in his opinion, price growth was due to creation of a favorable environment for speculation in the market . He said that the financial institutions, not farmers won because of high prices for coffee. Source: asiareport.ru/index.php/news/7952-starbucks-planiruet-obshirnuyu-ekspansiyu-v-bakalejnyj-segment.html
