Starbucks is expected to set up 100 coffee shops over the next five years - some in Delek gas stations.
International coffee shop chain Starbucks is getting into the Israeli market in partnership with Yair Hasson and Delek Energy, “Globes” has learnt.
Hasson will hold the controlling interest in Starbucks Israel, together with NASDAQ-traded US company Starbucks and Delek. About 100 coffee shops will be set up in Israel in five years, at an estimated investment of $20 million, representing $200,000 per coffee shop.
Some Starbucks coffee shops will be set up in Delek gas stations, while others will operate independently. A delegation of senior Starbucks executives is expected to arrive in Israel in the coming weeks.
Published by Israel's Business Arena on 28 September, 2000