Starbucks Snaps Up SF Bakery Chain La Boulange For $100M

June 4, 2012 4:52 PM

The La Boulange Bakery on Union Street in San Francisco (LaBoulangebakery.com)

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SAN FRANCISCO (CBS/AP) – Starbucks Corp. is looking to expand its food business, with a $100 million cash deal to buy a small bakery chain.

The Seattle-based coffee shop chain says baked goods and pastries from La Boulange will start replacing its current lineup early next year. Starbucks also says it plans to make the San Francisco-area bakery into a national presence in the years ahead.

Starbucks Snaps Up SF Bakery Chain La Boulange For $100M

Macarons from La Boulange. (credit: Joanne Boston)

Food has become an important part of Starbucks’ revenue stream in recent years. About a third of the purchases in its U.S. locations now include a food item.

La Boulange, which also serves salads and sandwiches in a casual sit-down setting, has 19 locations in the Bay Area. The deal also positions Starbucks to enter a fast-growing segment of the restaurant industry currently dominated by Panera Bread Co.

http://sanfrancisco.cbslocal.com/2012/06/19/la-boulange-accused-of-san-francisco-health-care-law-violations/ La Boulange Accused Of San Francisco Health Care Law Violations « CBS San Francisco

[...] which recently paid $100 million for La Boulange, plans to extend full benefits to employees who come on board as a result of the acquisition once [...]
http://sanfrancisco.cbslocal.com/2012/06/19/la-boulange-accused-of-san-francisco-health-care-law-violations/ La Boulange Accused Of San Francisco Health Care Law Violations « CBS San Francisco

[...] which recently paid $100 million for La Boulange, plans to extend full benefits to employees who come on board as a result of the acquisition once [...]
http://sanfrancisco.cbslocal.com/2012/10/13/illegal-immigrants-working-at-la-boulange-may-lose-jobs-soon/ Illegal Immigrants Working At La Boulange May Lose Jobs Soon « CBS San Francisco

[...] employee showed CBS 5 a letter sent from Starbucks, which recently acquired La Boulange for $100 million. The letter said workers with a discrepancy in their Social Security numbers have 60 days to prove [...]
http://www.stormfront.org/forum/t919331/#post10663516 Illegal Immigrants Working At La Boulange May Lose Jobs Soon – Stormfront

[...] to 400 workers could lose their jobs. An employee showed CBS 5 a letter sent from Starbucks, which recently acquired La Boulange for $100 million. The letter said workers with a discrepancy in their Social Security numbers have 60 days to prove [...]