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Starbucks raises PH prices by 3 to 8 percent

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ABS-CBN News

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img src="http://sa.kapamilya.com/absnews/abscbnnews/media/2018/business/10/03/20181003-starbucks-ig.jpg?ext=.jpg"/><figcaption>Starbucks Philippines Instagram Page</figcaption></figure></div>MANILA -- Starbucks raised prices by 3 to 8 percent in the Philippines to balance profitability, according to its local operator, Rustan&#x27;s Coffee Corp.Rustan&#x27;s Coffee Corp, which introduced the American coffee chain in the Philippines in 1997, did not elaborate on the reason for the adjustment.&quot;As part of our comprehensive approach to providing value and the Starbucks Experience, we periodically evaluate pricing to balance our need to run the business profitably while providing maximum value to our loyal customers and to attract new customers,&quot; it said in a statement.

An adjustment of 3 to 8 percent were imposed across its stores starting this week, Rustan's Coffee Corp said in a statement.

An adjustment of 3 to 8 percent were imposed across its stores starting this week, Rustan's Coffee Corp said in a statement.