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Starbucks: We don't fund Israel
The coffee chain has issued a statement announcing that neither Starbucks nor CEO Howard Schultz "provides financial support to Israel," or to its army, in the wake of what Starbucks (SBUX) called "false rumors."
The company, which is known for flooding markets with its stores, also pointed out that it closed all of its stores in Israel in 2003 because of "operational challenges."
The company has publicly refuted claims about its support for Israel before, but reiterated its position because it saw an "uptick in false rumors out there about Starbucks and the Middle East," according to Olson.
"Starbucks does not support any political or religious causes, and that holds true for Howard as well," Olson said. "There's no financial support from Howard or the company to the Israeli government for any purposes."
Starbucks currently operates in early 600 stores in 12 countries in the Mideast and North Africa, including Lebanon, Jordan and Egypt.
http://money.cnn.com/2014/08/08/news/companies/starbucks-israel/index.html?utm_content=buffer89c8b&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer
