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Starbucks Israel (Hebrew:סטארבקס) was a coffee chain in Israel, opening in 2001, with six locations in Tel Aviv before closing in 2003.

Starbucks Israel (סטארבקס)
TypeSubsidiary
IndustryFast-food restaurant
FoundedIsrael (2001)
Defunct2003
Headquarters
Tel Aviv,
Israel
Area served
Tel Aviv, Israel
Key people
CEO - Micki Kenan
Chairman - Giora Sarig
ProductsCoffee
ParentDelek Group of Israel 80.5%
Starbucks 19.5%

Contents

Starbucks Coffee International, a subsidiary of Starbucks Coffee Company, partnered with Delek Group of Israel to form the Israeli subsidiary of Starbucks, under the joint venture known is Shalom Coffee Company. The joint venture, formed in 2001, was owned 19.5% by Starbucks and 80.5% by Delek, with Starbucks holding the option to increase their share to 50%.

Delek paid $250,000 for the franchise rights, plus owed 6% of sales to Starbucks.

Plans were for September 1, 2001 to have the first location open in Tel Aviv's Rabin Square. Starbucks had hoped to have 20 locations open in Israel within the first year.

In 2002, within a year of Starbucks Israel opening, Delek was already looking to sell its stake.

Before its closing, Starbucks had six locations in Tel Aviv, with 120 employees. Additionally they had previously planned on opening a location in Jerusalem but withdrew the plans due to fear of terror attacks. On March 31, 2003, Starbucks announced that they would be closing their stores in Israel.

Starbucks closing caused many controversies over rumors that the stores were closing due to political reasons. Many rumors began circulating on the internet that they were closing as part of an Arab boycott of American businesses in Israel. Based on information put out by Starbucks, no information pointed towards caving into anti-Israel pressure. Bill O’Shea, Starbucks VP of Business Development in Europe, Middle East and Africa, released a letter stating that Starbucks chose to close their Israel locations due to business reasons, not political.

In September 2005 Starbucks hired MAN Properties Real Estate Consultants to explore their options to return to Israel. Starbucks was looking for a managing partner to team up with in Israel for the renewed deployment strategy.

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  2. "Globes English - Delek pressing Starbucks to buy its Starbucks Israel stake". globes.co.il. Retrieved2014-08-18.
  3. "BUSINESS: DIARY; Starbucks Closes Shops in Israel - New York Times". nytimes.com. Retrieved2014-08-18.
  4. "Press Releases - Starbucks Dissolves Joint Venture with the Delek Group of Israel". gr.starbucks.com. Retrieved2014-08-18.
  5. TheMarker.com Staff (2001-04-19). "Delek Group and Starbucks International to form joint venture - TheStreet". thestreet.com. Retrieved2014-08-18.
  6. Starbucks to make a comeback - Retrieved 3 September 2014
  7. "Starbucks: Israel's not too hot for us - Jerusalem Post | HighBeam Research". highbeam.com. Archived from the original on 2014-09-21. Retrieved2014-08-18.
  8. "Middle East: Kraft in, Starbucks out". foodanddrinkeurope.com. Retrieved2014-08-18.
  9. "Advertisement". haaretz.com. Retrieved2014-08-18.
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  11. SHERRI DAY (June 2, 2003). "Counteracting the Internet Rumor"(PDF). New York Times. Retrieved2014-08-18.
  12. "Starbucks Rumor False". archive.adl.org. Retrieved2014-08-18.
  13. "Israel Customer Response v. August 24, 2003"(PDF). 10 September 2003. Retrieved2014-08-18.
  14. "Starbucks closes outlets in Israel". Snopes.com. RetrievedOctober 24, 2010.

Starbucks Israel Article Talk Language Watch Edit Starbucks Israel Hebrew סטארבקס was a coffee chain in Israel opening in 2001 with six locations in Tel Aviv before closing in 2003 Starbucks Israel סטארבקס TypeSubsidiaryIndustryFast food restaurantFoundedIsrael 2001 Defunct2003 1 HeadquartersTel Aviv IsraelArea servedTel Aviv IsraelKey peopleCEO Micki Kenan Chairman Giora Sarig 2 ProductsCoffeeParentDelek Group of Israel 80 5 Starbucks 19 5 3 Contents 1 History 2 Closing 3 Reemergence attempt 4 See also 5 ReferencesHistory EditStarbucks Coffee International a subsidiary of Starbucks Coffee Company partnered with Delek Group of Israel to form the Israeli subsidiary of Starbucks under the joint venture known is Shalom Coffee Company 4 The joint venture formed in 2001 5 was owned 19 5 by Starbucks and 80 5 by Delek with Starbucks holding the option to increase their share to 50 6 Delek paid 250 000 for the franchise rights plus owed 6 of sales to Starbucks 2 Plans were for September 1 2001 to have the first location open in Tel Aviv s Rabin Square Starbucks had hoped to have 20 locations open in Israel within the first year 7 Closing EditIn 2002 within a year of Starbucks Israel opening Delek was already looking to sell its stake 2 Before its closing Starbucks had six locations in Tel Aviv 8 with 120 employees 9 Additionally they had previously planned on opening a location in Jerusalem but withdrew the plans due to fear of terror attacks 10 On March 31 2003 Starbucks announced that they would be closing their stores in Israel 4 Starbucks closing caused many controversies over rumors that the stores were closing due to political reasons Many rumors began circulating on the internet that they were closing as part of an Arab boycott of American businesses in Israel 11 Based on information put out by Starbucks no information pointed towards caving into anti Israel pressure 12 Bill O Shea Starbucks VP of Business Development in Europe Middle East and Africa released a letter stating that Starbucks chose to close their Israel locations due to business reasons not political 13 14 Reemergence attempt EditIn September 2005 Starbucks hired MAN Properties Real Estate Consultants to explore their options to return to Israel Starbucks was looking for a managing partner to team up with in Israel for the renewed deployment strategy 6 See also Edit Food portal Companies portal Israel portal Culture of Israel Israeli cuisine Economy of Israel List of restaurants in IsraelReferences Edit Financial Release Investor Relations Starbucks Coffee Company investor starbucks com Retrieved 2014 08 18 a b c Globes English Delek pressing Starbucks to buy its Starbucks Israel stake globes co il Retrieved 2014 08 18 BUSINESS DIARY Starbucks Closes Shops in Israel New York Times nytimes com Retrieved 2014 08 18 a b Press Releases Starbucks Dissolves Joint Venture with the Delek Group of Israel gr starbucks com Retrieved 2014 08 18 TheMarker com Staff 2001 04 19 Delek Group and Starbucks International to form joint venture TheStreet thestreet com Retrieved 2014 08 18 a b Starbucks to make a comeback Retrieved 3 September 2014 Starbucks Israel s not too hot for us Jerusalem Post HighBeam Research highbeam com Archived from the original on 2014 09 21 Retrieved 2014 08 18 Middle East Kraft in Starbucks out foodanddrinkeurope com Retrieved 2014 08 18 Advertisement haaretz com Retrieved 2014 08 18 Starbucks in Israel what went wrong just food com Retrieved 2014 08 18 SHERRI DAY June 2 2003 Counteracting the Internet Rumor PDF New York Times Retrieved 2014 08 18 Starbucks Rumor False archive adl org Retrieved 2014 08 18 Israel Customer Response v August 24 2003 PDF 10 September 2003 Retrieved 2014 08 18 Starbucks closes outlets in Israel Snopes com Retrieved October 24 2010 Retrieved from https en wikipedia org w index php title Starbucks Israel amp oldid 1085697457, wikipedia, wiki, book,

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