Star­bucks not un­der an­titrust in­ves­ti­ga­tion, of­fi­cial says

China Daily (Canada) - - BUSINESS -

US-based cof­fee chain Star­bucks Corp is not an im­me­di­ate tar­get for in­ves­ti­ga­tion in China, sources with the na­tion’s an­titrust reg­u­la­tor said on Thurs­day. The China Se­cu­ri­ties Jour­nal had re­ported on Thurs­day that Star­bucks might be the next tar­get for an­titrust in­ves­ti­ga­tions, partly be­cause the com­pany’s prof­its in China and the Asia-Pa­cific re­gion are higher than in Europe and the United States. “The re­port does not match with the real sit­u­a­tion,” a se­nior of­fi­cial of the price and an­titrust de­part­ment at the Na­tional Devel­op­ment and Re­form Com­mis­sion told China Daily. “It’s a ru­mor. Star­bucks hasn’t been in­volved in any an­titrust in­ves­ti­ga­tions to date,” said a source fa­mil­iar with this is­sue.

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