Taste could spend R328m on Starbucks expansion

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Johannesburg - Taste Holdings could spend as much as R328 million on building up to 41 more Starbucks shops in Johannesburg, Pretoria, Durban and Cape Town by February 2020, Taste CEO Carlo Gonzaga said this week.

At present, there are four Starbucks stores in the country, two in Pretoria, one in Rosebank in Johannesburg and one in Midrand at the Mall of Africa, and by February 2018 Taste is looking to increase that to as many as 13.

Taste has put the cost of opening a Starbucks shop at between R5 million and R8 million.

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