Starbucks takes heat for higher prices in China

10/22/2013 | Reuters

China's state-owned media has taken Starbucks to task for charging higher prices in China than in other global markets, saying the coffee giant is adding the extra to its bottom line. Starbucks says the higher prices reflect higher costs for everything from coffee and milk to rent and worker training, and that the profit margins from its 1,000 China cafes are about the same as the margins at its U.S. shops.

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