Starbucks sets up $100 million fund to invest in food and retail startups
Starbucks Corp is investing $100 million in a newly created fund that will be managed by Tesla Inc investor Valor Equity Partners to promote companies developing new tech for the food industry.
The company`s shares are up about 11 percent since the beginning of the year, compared with a 13 percent gain in the S&P 500 Index. Reuters