Starbucks not on the market

Starbucks is not actively for sale, its New Zealand franchise holder Restaurant Brands says.

The coffee house chain was reported to be on the market recently for between $10 million and $20m, but the pricing had been a throwaway comment by the chief executive, said Restaurant Brands chief financial officer, Grant Ellis.

"The short answer is, it's not actively on the market, but all our businesses are for sale at the right price," he said.

Would-be buyers had since offered to take individual stores off the company's hands, but Mr Ellis said it was more likely to sell the New Zealand chain in its entirety.

- © Fairfax NZ News