(Reuters) - Restaurant Brands New Zealand said it would not renew its license deal with Starbucks Corp (SBUX.O) when it expires in October.
Customers pass by the logo of an American coffee company Starbucks inside a coffee shop in Rio de Janeiro, Brazil August 15, 2018. REUTERS/Pilar Olivares
The fast-food company said in a statement it had sold fixed assets and stock related to its deal with Starbucks Coffee International, Inc to New-Zealand based Tahua Capital for NZ$4.4 million ($2.9 million).
Reporting by Karthika Suresh Namboothiri
