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Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'

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Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

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Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 
Starbucks

Why Starbucks is upping its game in France

By
Claire Groden
Claire Groden
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By
Claire Groden
Claire Groden
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September 24, 2015, 1:08 PM ET
Starbucks Launches First Paris Cafe
PARIS - JANUARY 16 : A starbucks cup is seen in the new Starbucks store, the first ever in France, as it opened for the public January 16, 2004 in Paris. Almost six years after it began establishing itself in Europe - starting with Britain, Switzerland and Austria, Starbucks Corp. inaugurated its first Paris store on Thursday, with Spanish partner Grupo VIPS. (Photo by Pascal Le Segretain/Getty Images)Photograph by Pascal Le Segretain — Getty Images

Starbucks has announced a new partnership with French high-end grocery store Monoprix.

According to a press release, the coffee company will open stores within two grocery store locations in Lyon and Paris by the end of the year. It’s the start of a licensed partnership agreement to open Starbucks (SBUX) stores within Monoprix stores.

“This partnership underlines our commitment to growing our business in France, with an experienced French retailer with stores in central, prime city locations,” Arjan Oudejans, vice president Branded Solutions, Starbucks EMEA, said in the release. “Monoprix is the perfect partner to bring the Starbucks experience alive in their stores.”

It makes sense for Starbucks to up its game in France. The coffee chain has a muted presence in the country, especially compared to its runaway success in many parts of the world. The Seattle-based company only had 78 stores in France as of last year. The United Kingdom, which has a comparable population, had 506 Starbucks locations.

In June, Starbucks announced a partnership with Casino Restauration, a French company that is a subsidary of Groupe Casino. Though Starbucks hasn’t disclosed how many stores it plans to open in total, Groupe Casino operates more than 10,000 stores, including 500 supermarkets and hypermarkets, across France.

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By Claire Groden
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