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Starbucks buys San Francisco bakery chain; will expand format across U.S.
Seattle -- Starbucks Coffee Co. is looking to expand its food business. The chain has entered into an agreement to acquire San Francisco-based Bay Bread and its La Boulange bakery brand, as well as to hire its well-known French baker, Pascal Rigo. The cash deal is valued at $100 million.
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Caribou Coffee opens 100th international location, plans to ramp up store count
Minneapolis -- Caribou Coffee Co. said Wednesday it has opened its 100th international operating location, located in Istanbul, Turkey. The new store, which opened May 10, is in partnership with master franchisee Al Sayer Group and Turkey's Yildiz Holding, and is Caribou's sixth store in Turkey.
Al Sayer Group currently operates 89 of Caribou's 100 international locations in Turkey, Kuwait, United Arab Emirates, Lebanon, Bahrain, Jordan, Oman and Kingdom of Saudi Arabia.