Advertisement
Singapore markets close in 1 hour 56 minutes

  • Straits Times Index

    3,285.78
    -1.97 (-0.06%)
     

  • Nikkei

    37,934.76
    +306.28 (+0.81%)
     

  • Hang Seng

    17,683.86
    +399.32 (+2.31%)
     

  • FTSE 100

    8,078.86
    0.00 (0.00%)
     

  • Bitcoin USD

    64,340.89
    +34.59 (+0.05%)
     

  • CMC Crypto 200

    1,390.80
    -5.73 (-0.41%)
     

  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     

  • Dow

    38,085.80
    -375.12 (-0.98%)
     

  • Nasdaq

    15,611.76
    -100.99 (-0.64%)
     

  • Gold

    2,353.80
    +11.30 (+0.48%)
     

  • Crude Oil

    83.93
    +0.36 (+0.43%)
     

  • 10-Yr Bond

    4.7060
    +0.0540 (+1.16%)
     

  • FTSE Bursa Malaysia

    1,574.07
    +4.82 (+0.31%)
     

  • Jakarta Composite Index

    7,115.99
    -39.31 (-0.55%)
     

  • PSE Index

    6,595.46
    +20.58 (+0.31%)
     

Starbucks to sell juice brand to Bolthouse Farms

Reuters
FILE PHOTO: A Starbucks sign is shown on one of the company's stores in Los Angeles

(Reuters) - Starbucks Corp said on Tuesday it would sell its Evolution Fresh juice brand to California-based Bolthouse Farms for an undisclosed amount, as the global coffee chain seeks to focus efforts on the growth of its core business.

Starbucks will continue to sell Evolution Fresh products at its stores in the United States, the company said, adding that the transaction was expected to close later this year.

Starbucks had acquired Evolution Fresh in 2011 for $30 million in cash.

(Reporting by Juby Babu in Bengaluru; Editing by Subhranshu Sahu)