Starbucks could be poised to overtake McDonald’s as the world’s most valuable restaurant chain in the coming years, according to a senior Wall Street analyst.
Last month the coffee chain, which is already the second largest US restaurant chain by market capitalisation, announced ambitious growth plans to open almost 50% more stores by 2021, a goal which may make it the first restaurant chain in decades to take the Golden Arches’ crown.
Starbucks has endured mixed fortunes as of late with shares falling 7.5% on 2015 figures and long-serving chief executive, Howard Schultz, announcing that he Read full story ›
Source: The Drum
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