Established in 1971, Starbucks Corporation is one of the leading roasters and retailers of specialty coffee in the world. Based in Phoenix, Ariz., the company produces a variety of branded consumer products globally, such as ready-to-drink beverages, packaged coffees and premium ice creams. Its brand portfolio features Starbucks Coffee, Tazo Tea, Seattle's Best Coffee and Torrefazione Italia Coffee. The company operates 16,635 stores of which 7,803 are licensed stores functioning throughout 50 countries. Additionally, Starbucks Corporation's stores offer numerous food items, such as pastries, breakfast and lunch sandwiches, oatmeal and salads, as well as juices, sodas and bottled water.