I’m reminded by an analogous situation a number of years ago in which there was a local bakery chain called La Boulange that was selling coffee and pastries. Their stores were scattered around the various upscale neighborhoods that also typically contained a Starbucks. Anyhow, Starbucks bought out the La Boulange chain... and then proceeded to shutter all of their stores, thereby eliminating an up-and-coming competitor.I barely remember La Boulange. Thanks.
https://www.businessinsider.com/why-starbucks-closed-la-boulange-bakeries-2015-6