JOHANNESBURG (Reuters) - South Africa's Taste Holdings (J:TASJ) said on Friday it had sold its Starbucks (NASDAQ:SBUX) business for 7 million rand ($464,200) and was also considering selling others in its food business, including Domino's Pizza, as part of a new plan to become a luxury retail group.
The company said in a statement that it could not secure the capital required to fund its previous strategy aimed at bringing Starbucks and Domino's to break-even.