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By Amanda Greenwood
Associate News Editor
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A new, holiday-inspired drink has been announced by Starbucks, but there’s a slight catch: Customers can only buy it from Starbucks cafes that are located within Target stores.
Why It Matters
The new festive drink is likely to appeal to Starbucks fans, especially those who like the festive additions it brings out each year.
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What To Know
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Starbucks announced its new holiday drink—the Frozen Peppermint Hot Chocolate—on Tuesday (Target Circle 360 loyalty members received early access to the drink on Monday), as an exclusive offering at its Target store locations, making it unavailable at standalone Starbucks coffeehouses or via other retailers.
The drink is a crème Frappuccino, which has been blended with mocha sauce, milk, and ice, and poured over peppermint-flavored whipped cream and holiday-themed red and green sprinkles, and topped with another layer of peppermint-flavored whipped cream and sprinkles.
According to NBC Chicago, prices start at $5.95 for a grande (medium) size, though pricing may vary depending on the location, and it’s expected to stick around throughout the holiday season—while supplies last.
This year, the coffee chain is also giving away free reusable holiday cups to customers across the U.S.
The promotion offers a free limited-edition 2025 reusable red cup to customers who order a handcrafted holiday or fall beverage at participating Starbucks stores.
The offer applies to any size drink—hot, iced or blended—and is available while supplies last.
What People Are Saying
Alicia Binion, who is on the Starbucks Drinks Development Team, said in a statement: “We wanted to create something festive and fun just for Target guests. The Frozen Peppermint Hot Chocolate is a delicious beverage that brings together rich chocolate and cool peppermint flavors as well as red and green sprinkles for a pop of color and crunch. It’s a sweet way to pause during the holiday rush and enjoy a little seasonal cheer.”
Lisa Roath, executive vice president and chief merchandising officer of food, essentials, and beauty, at Target, said: “For so many people, a Target run starts with grabbing their favorite drink from Starbucks before browsing our aisles, so together we’re building on that magic with an exclusive, only-at-Target drink to add a little extra cheer to holiday shopping. Frozen Peppermint Hot Chocolate is everything you’d expect when you combine Target and Starbucks. It’s fun, it’s creative, and it’s delicious – an absolute can’t-miss as you get ready to celebrate the holidays.”
What Happens Next
Starbucks and Target have not established whether the Frozen Peppermint Hot Chocolate will return next year.
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