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SBUX Jun 2022 165.000 put

OPR - OPR Delayed price. Currency in USD
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60.950.00 (0.00%)
As of 10:20AM EST. Market open.
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Previous close60.95
Expiry date2022-06-17
Day's range60.95 - 60.95
Contract rangeN/A
Open interest112
  • Reuters

    Starbucks ties up with Meituan to bolster presence in crucial China market

    BEIJING (Reuters) -Starbucks, which has seen sales slow in China due to COVID-19's fallout, is attempting to widen its reach in its second-biggest market globally by distributing its coffees through the country's dominant food delivery firm, Meituan. The U.S. coffee chain said on Tuesday it has entered into a partnership with Meituan that will allow its Chinese customers to order coffee delivery and make reservations at its stores via the super-app's platforms. The move comes as competition in the Chinese coffee market is intensifying, and is aimed at expanding the availability of Starbucks, which first begun food delivery services in the country in 2018 through an exclusive partnership with Alibaba Group's arm, Meituan's main rival.

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