Starbucks raises its share capital

COFFEE giant Starbucks has raised the prospect of a major expansion here by authorising the share capital in its Irish unit to increase by €20 million.

Documents recently filed with the Companies Office show that Starbucks Coffee Company (Ltd) recently received the €20m increase in share capital.

The authorisation of the €20m increase is four times the amount of the previous increase in share capital of €4.9m that was made in October 2009.