Starbucks Buys Juice Company, Planning Health Stores

November 10, 2011 Updated Nov 10, 2011 at 6:48 PM EDT

...

Starbucks Buys Juice Company, Planning Health Stores

November 10, 2011 Updated Nov 10, 2011 at 6:48 PM EDT

According to the Seattle Times, coffee giant Starbucks announced Thursday it had purchased juice company Evolution Fresh and plans to open new stores focusing on heath and wellness in the next year.

“Our intent is to build a national Health and Wellness brand leveraging our scale, resources and premium product expertise. Bringing Evolution Fresh into the Starbucks family marks an important step forward in this pursuit,” Starbucks chairman, president and CEO Howard Schultz said in a company news release. “Over the last year-and-a-half we have looked comprehensively at possible opportunities and chose Evolution Fresh because it stood above anything else in terms of premium quality, nutrition and potential for growth.”

Read the Seattle Times story HERE.

Read the Starbucks news release HERE.