Starbucks (SBUX) yesterday announced plans to purchase Bay Bread, LLC and its La Boulange bakery brand for $100 million in cash. The coffee shop hopes the purchase will help increase food sales in their retail stores, which currently accounts for $1.5 billion in revenue, or a third of Starbucks transactions. They also plan on phasing the products into non-Starbucks stores and supermarkets. The…
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