Next World Group has agreed to sell La Boulange Café & Bakery to Starbucks (NASDAQ: SBUX) for $100 million in cash. With 19 retail locations in the Bay Area, La Boulange aims to embody the authenticity of the French bakery experience. The company also sells its products in restaurants, hotels and specialty grocery stores in the region. La Boulange has been an NWG portfolio company since 2006.
