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Starbucks in agreement with ICA Sweden to open stores in Sweden
New York -- ICA Sweden has signed a licensing agreement with Starbucks Coffee Company to open Starbucks retail stores in the grocery store channel in Sweden. The cafés will be operated by ICA according to the Starbucks licensing concept and under the Starbucks brand.
Initially, the plan is to open three Starbucks retail stores during 2015. These will then be evaluated before a decision is made on the possible establishment of more cafés.
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Grocery Outlet to be acquired by Hellman & Friedman LLC and senior management team
Emeryville, Calif. -- Extreme-value grocer Grocery Outlet announced that it has entered into a definitive agreement to be acquired by affiliates of Hellman & Friedman LLC along with Grocery Outlet’s senior management team from its principal owner, Berkshire Partners LLC. The terms of the transaction were not disclosed.