Starbucks, Magic Johnson end urban coffee partnership

Chain ends 12-year deal with Urban Coffee Opportunities

Starbucks Corp. on Thursday said it has taken full ownership of Urban Coffee Opportunities, or UCO, a company operating more than 100 coffeehouse locations that was a partnership with Magic Johnson Enterprises.

Launched in 1998, UCO was a rare 50/50 partnership between Starbucks and basketball great Earvin “Magic” Johnson’s Los Angeles-based Johnson Development Corp., a division of Magic Johnson Enterprises. The goal had been to develop Starbucks locations in un

Register to view the full article

Register to view this article

Already a member? .

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish