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• Here's a remarkable number for you.

The Daily Meal reports that Starbucks' growth plans for China mean that the company will have to open one store a day there for the next five years - which will, by 2021, give it more than 5,000 coffee shops in China.

Starbucks CEO Howard Schultz says that one of the major changes that the company has seen in its 17 years of doing business in China - a notion that was once seen with a certain degree of incredulity - has been in the nature of its customers. "If you look five years ago, most of our business, believe it or not, was expats and tourists in China," he says. "Today, it's mostly Chinese."


• The Wall Street Journal reports that "Walgreens Boots Alliance Inc. and Rite Aid Corp. pushed out the deadline to close their $9.4 billion merger to next year amid delays in selling stores the two sides have to divest to get the deal past federal regulators.

"The companies now expect to close the deal in early 2017, as the previous timetable of completing the transaction by the end of this year is no longer feasible. The companies expect to agree to sell between 500 and 1,000 stores by the end of 2016, though any transactions will also require approval from the Federal Trade Commission."
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