3 Reasons 'Le' Starbucks Purchase Of La Boulange Is Beautiful
by Delian Naydenov
Instead of pursuing a degree in business administration and career in the investment world, I should have started a bakery in San Francisco. Recently, Starbucks (SBUX) announced that it would acquire Bay Bread, owner of 19 La Boulange bakeries in San Francisco for $100 million in cash. The purchase makes sense for three main reasons. First, Starbucks will be able to grow its sales and income by offering first-class bakery and food items. Second, consumers are increasingly becoming more efficient when shopping. Offering a quality food menu will allow Starbucks to compete more easily with chains such as Yum Brands (YUM), McDonald's (MCD), and even Chipotle Mexican Grill (CMG). Third, Starbucks has the financial and operational strength to integrate and grow the bakery business successfully. read more »
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