Starbucks Corp said it plans to launch a new health and wellness-focused chain next year after its acquisition of Evolution Fresh, a California-based premium juice maker, for $30 million.
Both moves were announced on Thursday.
The announcements come as the world's biggest coffee chain seeks to increase sales by expanding into the $50 billion U.S. health and wellness category that is driving robust growth for retailers including Whole Foods Market Inc.
The Seattle-based company said the new retail concept, planned to launch in early-to-mid-2012, will be separate from Starbucks cafes and does not yet have a name.
The new chain will "redefine the super-premium juice category and experience" and offer a "wholesome portfolio" of food and beverages, Starbucks said.
The company expects Evolution Fresh to operate at a modest loss in fiscal 2012 before breaking even in fiscal 2013.
Starbucks said its forecasts for fiscal 2012 are unchanged as a result of the acquisition.
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