Whitbread is to expand its presence in China by taking full control of its Costa Coffee Chinese partnership with Yueda. It already owns 51% of the joint venture and is buying the final 49% for $46m (£35m). The joint venture has 252 stores in south China and 93 in Shanghai.
Whitbread is to expand its presence in China by taking full control of its Costa Coffee Chinese partnership with Yueda. It already owns 51% of the joint venture and is buying the final 49% for £35m ($46m). The joint venture has 252 stores in south China and 93 in Shanghai.