Posted at 2:19 p.m., Tuesday, January 24, 2006
Starbucks Corp. gets full ownership of its Hawai'i stores
Advertiser StaffStarbucks Corporation has acquired full ownership of its Hawai'i joint-venture company, Coffee Partners Hawaii, which operates 54 Starbucks stores on O'ahu, Maui, the Big Island and Kaua'i, Coffee Partners Hawaii announced today.
Coffee Partners Hawaii becomes a wholly-owned subsidiary of Starbucks as a result of the transaction but will dissolve after March 31. Company officials did not disclose the terms of the deal.
Coffee Partners Hawaii said in a press release today that it plans to continue expanding its Jamba Juice operation and focus on other Hawai'i businesses, including the upcoming P.F. Chang's China Bistro, which is scheduled to open later this year in the luxury Hokua condominium.