Starbucks Bringing Leading Italian Artisan Bakery and Food Purveyor Princi to Its Food Supply Chain

The world’s biggest coffee-shop supply chain is buying a stake in Princi, which sells pastries, pizza and pasta in Europe, Starbucks will also act as a global licensee of the Italian company, helping it to expand globally. By 24/7 Staff

July 14, 2016

Starbucks Corporation today announced its role as global licensee and investor in the Italian restaurant Princi, the renowned boutique bakery and café founded by Rocco Princi in 1986.

Known for artisan breads created from traditional family recipes, Princi’s five locations have created beloved experiences for customers across Milan and London.

The investment team, which includes Milan-basedAngel Lab and Pekepan Investments, will focus on expanding the number of standalone Princi locations worldwide as well as making Princi the exclusive food purveyor at the new Starbucks Reserve Roastery and Tasting Rooms in Shanghai and New York.

Announced earlier this year, these immersive coffee experiences bring to life Starbucks line of premium, small lot Reserve coffees in a retail space which allows the roasting, brewing and craft of coffee to take center stage. The Shanghai and New York Roastery locations are on track to open in 2017 and 2018, respectively.

“We have never baked in our stores in 45 years. But all of that will change with the creation of this unique partnership,” said Howard Schultz, chairman and ceo, Starbucks.

“I can think of no better pairing for our most premium coffee experience”Howard Schultz, chairman and ceo, Starbucks

“Rocco and his team at Princi possess a passion for handcrafted food and artisanal baked goods that mirrors how I feel about our coffee. The attention to detail, the care invested in selecting the ingredients and the artistry of preparation are second only to the service Rocco offers customers inside his Princi stores. I can think of no better pairing for our most premium coffee experience and am excited by the possibilities we envision in Princi food elevating every daypart - breakfast, lunch and dinner - in Starbucks Roasteries and Reserve Stores”

Regarded by many as the finest example of a modern eatery, every detail is considered in a Princi store – from the minimalist aesthetic designed by architect Claudio Silvestrin to the uniforms created by a renowned Italian designer.

In addition, Princi locations are well-known for their twenty four hours of operation, offering customers everything from light breakfast to impressive dinners from an “always-on” beechwood-fired oven.

“As a young man, I dreamed of the opportunity to bring traditional Italian baking to customers in my country but when I opened our location in London, I realized how much we could also offer an international clientele,” said Rocco Princi, founder, Princi Restaurant.

Read: Starbucks’ Howard Schultz, who just gave a raise to every US employee of his $82 billion coffee company

“I have long admired Starbucks, the values Howard has imbedded into his organization and we are honored to be a part of bringing to life an entirely new retail environment with the Roasteries.”

In addition to the expansion of standalone Princi specialty stores and inclusion of fresh baking in Starbucks Roasteries, the company will also partner with Rocco Princi to bring a premium food experience to its new Reserve-only stores starting in 2017.

Since the acquisition of La Boulange in 2012, Starbucks reinvented its food portfolio at more than 14,000 stores in the U.S. and Canada, and will continue to bring customers authentic French homemade specialties, delivering true culinary artistry on a grand scale.

Currently, Starbucks has nearly 24,000 stores worldwide and offers Reserve coffee in nearly 2,000 locations in 30 countries.