Target and Starbucks Launch Exclusive Frozen Peppermint Hot Chocolate

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A New Holiday Treat Arrives November 18

Target and Starbucks are kicking off the holiday season with a brand-new drink available only at Starbucks cafés inside Target stores. Beginning November 18, shoppers can order the Frozen Peppermint Hot Chocolate, a seasonal creation designed specifically for guests who love sipping a Starbucks drink while browsing the aisles. Target Circle 360 members get early access on November 17 through a one-time bonus in their Wallet.

The launch marks the first time the two companies have collaborated on a holiday-exclusive beverage. It comes just in time for the busiest shopping weeks of the year, offering customers a festive companion that blends both convenience and seasonal flavor.

A Festive Twist on a Classic Flavor

The Frozen Peppermint Hot Chocolate begins with a creme Frappuccino base mixed with mocha sauce, milk and ice. It is poured over peppermint-flavored whipped cream and topped with red and green sprinkles, then finished with another swirl of peppermint cream and a final shake of sprinkles. The drink blends rich chocolate with cool peppermint, aiming to bring a little winter cheer to Target runs.

Teams from Target’s food and beverage trend group and Starbucks’ product development division worked together to shape the drink, testing seasonal flavors and drawing inspiration from Target’s holiday food lineup. Items such as Peppermint Latte Hot Cocoa Bombs, peppermint mini waffle cones and hot cocoa kits helped inform the drink’s flavor profile and design.

Designed for Shoppers on the Move

Target says the drink reflects the experience many guests already enjoy: starting a shopping trip with a Starbucks beverage in hand. The exclusive treat will be available both in store and through Target’s Drive Up service, allowing customers to add it to any order without making an extra stop.

Prices start at $5.95 for a grande, though pricing varies by location. The drink will be offered for a limited time while supplies last, and both companies expect it to become a seasonal favorite thanks to its blend of convenience, flavor and holiday flair.

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