Jan 29, 2020
Coronavirus: Starbucks closes 2,000 Chinese branches
Starbucks has closed half of its outlets in China to protect its staff and support government efforts to contain the coronavirus. Starbucks has almost 4,300 outlets in China, making it the company's largest market outside the US. The number of deaths from the virus has risen to more than 130 and almost 6,000 confirmed infections. Starbucks chief executive Kevin Johnson said the firm was "Navigating a very dynamic situation". Starbucks opened its first Chinese store in Beijing in January 1999. Chinese sales account for about 10% of Starbucks' global revenue, making the country its most important global growth engine.
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