In Sectors

Starbucks comes under 7-Eleven control in Australia

The owners of the 7-Eleven chain in Australia have taken control of coffee giant Starbucks’s struggling local operations in a bid to turn around its fortunes, the company said on Wednesday.

While the iconic US brand dominates in some parts of the world, it has failed to gain a foothold in a long robust Australian coffee market and only has 24 stores.

The Withers Group, which has built its convenience store operations to include 600 outlets, has now acquired the local Starbucks licence from its US parent for an undisclosed sum.

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