AFC Agrees to Sell Seattle Coffee Co. to Starbucks

1 min read
Opinions expressed by Entrepreneur contributors are their own.

Atlanta--AFC Enterprises Inc. agreed to sell its Seattle Coffee Co. unit to Starbucks Corp. for $72 million under its plan to sharpen its strategic focus and maximize shareholder value. The company is selling the continental U.S. and Canadian operations of Seattle Coffee but will retain the Seattle's Best Coffee franchise business in all markets outside of North America. Starbucks will acquire Seattle Coffee's 51 company-owned Seattle's Best Coffee cafes, 21 company-owned Torrefazione Italia Coffee cafes and the existing franchise business in North America, consisting of 78 franchised Seattle's Best Coffee locations. -Dow Jones

My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.

How This Entrepreneur Built a Powerhouse Talent Management Company With a Soul