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Starbucks just took a major step back on a big initiative

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Starbucks is pulling back on its plan to begin selling booze at locations from coast to coast. The coffee giant has withdrawn applications to sell alcohol at three of its San Francisco locations, reports Fortune. Starbucks reportedly withdrew the applications due to concerns that shops selling beer and wine would hurt existing restaurants’ business in a city where there is already a high density of liquor licenses....

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