British snack chain Pret will adapt its menu to local tastes when it opens in Indian cities and airports under a partnership with retail giant Reliance to try to satisfy the nation's growing appetite for upmarket refreshment. As part of its broader plan to target the most affluent 50 million of India's 1.3 billion people, Reliance on Thursday announced a franchise deal with Pret. The partnership has the potential to make India one of Pret's biggest markets and to challenge incumbents Starbucks and Coca-Cola's Costa Coffee, as well as Tim Hortons of Canada, which said in March it will launch in India this year.
Starbucks (SBUX) closed at $76.39 in the latest trading session, marking a -0.05% move from the prior day.
SEATTLE, June 29, 2022--Starbucks Corporation (NASDAQ: SBUX) today announced that its Board of Directors has approved a dividend of $0.49 per share of outstanding Common Stock. The dividend will be payable in cash on August 26, 2022 to shareholders of record on August 12, 2022.