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The founder of a huge boba chain said he opened stores next to Starbucks to get a fraction of its customers [Business Insider]

Starbucks Corporation (SBUX)  More Company Research Source: Business Insider
Last starbucks corporation earnings: 4/28 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.starbucks.com/ir-home/default.aspx
This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in Bubble tea chain Gong Cha's founder said he banked on Starbucks' success to get his first customers. He said he opened stores in South Korea next to Starbucks outlets to get a fraction of its customers. The bubble tea chain now has nearly 2,200 stores in 33 countries. The founder of the bubble tea brand Gong Cha said he had a novel idea to get his first patrons through the door. In an interview with CNBC, Martin Berry, the founder and chairman of Gong Cha group, spoke about how he came across one of the chain's outlets in Singapore before it became a global boba behemoth. Berry said he and his wife pooled $2.5 million of their savings to open the first five Gong Cha franchise stores in South Korea, a venture he said was "quite terrifying." Berry quit his banking job to go all in on bubble tea. To get his first customers in Seoul, he dec [Read more]
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Stockreport

The founder of a huge boba chain said he opened stores next to Starbucks to get a fraction of its customers [Business Insider]

Starbucks Corporation  (SBUX) 
More Company Research Source: Business Insider
Last starbucks corporation earnings: 4/28 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.starbucks.com/ir-home/default.aspx
This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in Bubble tea chain Gong Cha's founder said he banked on Starbucks' success to get his first customers. He said he opened stores in South Korea next to Starbucks outlets to get a fraction of its customers. The bubble tea chain now has nearly 2,200 stores in 33 countries. The founder of the bubble tea brand Gong Cha said he had a novel idea to get his first patrons through the door. In an interview with CNBC, Martin Berry, the founder and chairman of Gong Cha group, spoke about how he came across one of the chain's outlets in Singapore before it became a global boba behemoth. Berry said he and his wife pooled $2.5 million of their savings to open the first five Gong Cha franchise stores in South Korea, a venture he said was "quite terrifying." Berry quit his banking job to go all in on bubble tea. To get his first customers in Seoul, he dec [Read more]
IMPACT SNAPSHOT
EVENT TIME:
SBUX
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS