FRANCHISING | Staff Reporter, China

Starbucks launches new store in China every day

According to news sources, Street analysts are worried about cannibalization.

In a report by Investopedia, founder and executive chairman Howard Schultz said that the company is just in the beginning phases of its growth in China.

At the same conference, Schultz clarified that he is not considering running for president right now, but is “deeply concerned about the direction of the country, our standing in the world, and the number of Americans who are not participating in the economy.”

Schultz, who served as Starbucks’ CEO until April of this year, said that “his company tries to take part in politics when it can improve its customers lives.”

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