In the news: Starbucks under attack, GSK's sales fall and Wumart acquisition

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clpstaff &clp articles

A CCTV attack against Starbucks has failed, while GSK's sales declined 61% because of the anti-corruption investigation and retailer Wumart takes a minority stake in a Thai supermarket chain

Starbucks expensive – who cares?

The official China Central Television (CCTV) released a global investigative report into how Starbucks charges higher prices in China than it does in other markets. The 23-minute segment formed part of its hour-long news programme on Sunday. CCTV claimed that the price of a tall latte in Beijing is Rmb27 ($4.43), compared to $4.00 in London, $3.26 in Chicago and $2.40 in Mumbai. The government-controlled broadcaster said Starbucks set prices higher in China than in other markets, which discriminated against Chinese consumers.

Source: BBC

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