Autogrill, Starbucks Expand Partnership In Europe
12 January 2012 - 1:06AM
Dow Jones News
Autogrill SpA (AGL.MI), an Italian company which runs businesses
ranging from restaurants along highways to duty-free shops at
airports, said Wednesday it agreed with Starbucks Corp. (SBUX) to
extend their partnership to develop new business in Europe.
In a statement, Autogrill said it will start operating Starbucks
stores at its main points of sale in France, including railway
stations and the Marseilles airport.
Autogrill will also introduce the Starbucks brand on motorways
in the Netherlands.
The Italian company said it currently operates around 370
Starbucks stores, with 352 in North America and 15 in Europe,
generating revenue of more than $450 million in 2010.
The two companies will continue exploring new business
opportunities together, said Autogrill Chief Executive Gianmario
Tondato Da Ruos in the statement.
-By Liam Moloney, Dow Jones Newswires; +39 06 6976 6924;
liam.moloney@dowjones.com
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