Restaurant Brands sells Starbucks Coffee in New Zealand

Restaurant Brands New Zealand has announced it will not renew its licence agreement with Starbucks Coffee when it expires in October. The company, with the approval of Starbucks, sold the fixed assets and stock of its Starbucks business to Tahua Capital, a New Zealand-owned company for a total price of up to NZ$4.4 million (approximately AU$4.0 million).
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