
Starbucks says in a press release that it is planning to close all 23 freestanding La Boulange cafes, which it bought in 2012, over half of which are in San Francisco. While Starbucks will continue serving up La Boulange food in its shops, that company said "ongoing evaluations" showed that the La Boulange stores didn't fit with its long-term growth goals. The Puget Sound Business Journal notes that Starbucks stock price ($53 a share at last check) hasn't fluctuated in response to the decision.