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San Francisco Bakery Owner Bay Bread Group Bought By Starbucks

“Starbucks Corp (SBUX.O) said on Monday is buying La Boulange bakery owner Bay Bread Group for $100 million in cash in a deal that is its biggest move yet outside coffee and takes direct aim at what long has been seen as the company’s biggest weakness: food.”

“The world’s biggest coffee chain said its first order of business is to offer La Boulange croissants, pastries, cookies and other food in its own stores over time. It also intends to build the 19-cafe San Francisco Bay Area operator into a national chain.”

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