Starbucks pulls out of Israel, ends joint-venture
31 March 2003
Starbucks Coffee Co. is reportedly closing six stores in Israel this April as well as dissolving a partnership with the Delek Group of Israel, which operated the coffeehouses. Company spokespeople would not disclose any specific reasons as to why it has done this except so say that “[t]he decision to end the partnership was independent of ongoing turmoil in the Middle East and the war with Iraq.” Helen Jung writes for the Associated Press. Read more about Starbucks pulls out of Israel, ends joint-venture