Bluestone Lane CEO and key investor explain how Australian coffee chain is taking on Starbucks

With over 24,000 locations worldwide, Starbucks is starting to lose its “premium” flair when it comes to coffee, RSE Ventures CEO Matt Higgins argued on Wednesday.

Higgins, whose firm recently took a minority stake in competing coffeehouse Bluestone Lane, told CNBC that while Starbucks may have coined the concept of premium brews, the globally recognized chain may be losing some of its touch.

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