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Starbucks Is Opening A New High-End Cafe In Seattle To Compete With Independent Coffee Shops

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Thomson ReutersCustomers walk out of a Starbucks coffee store in Shanghai See Also SEATTLE (Reuters) - Starbucks Corp Chief Executive Officer Howard Schultz, who introduced Americans to espressos, Frappuccinos and pumpkin spice lattes, is not about to let a bunch of well-funded independent coffee sellers beat his global chain at the super premium game. Speaking at preview events ahead of Friday's public debut of the company's 15,000-square-foot reserve coffee roastery and tasting room in Seattle, Schultz vowed to stay one step ahead of rivals, which include "third-wave" coffee chains such as Blue Bottle, Intelligentsia and Stumptown. "We are never going to allow any coffee company,...

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