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Since Brian Niccol took over as Starbucks Chairman and CEO in 2024, he’s promised a grand turnaround for the coffee giant by going back to its roots in lovingly designed, customer-centric…
Comparable sales rose 4% in North America, marking their first gains in nearly two years Starbucks reported a bigger-than-expected rise in first-quarter comparable sales on…
Starbucks chief executive officer Brian Niccol total compensation was US$31 million in fiscal 2025, a decline from the previous year when he received stock rewards and other…
Are you more of a Peppermint Mocha or an Iced Gingerbread Chai? View Entire Post › Source link
Starbucks will pay about $35 million to more than 15,000 New York City workers to settle claims it denied them stable schedules and arbitrarily cut their hours, city officials announced…
The company is also preparing to expand in Nordic countries, where it has the rights to the brand The operator of Starbucks in Malaysia says business is gradually recovering after the Gaza…
Boyu Capital is considering bringing in Tencent Holdings, GIC and potentially others as limited partners in its acquisition of a stake in Starbucks' China business, sources familiar with…
Looking for some holiday cheer? Customers who want to try Starbucks’s new holiday treat, the Frozen Peppermint Hot Chocolate drink, will have to go to Target, where it will be available…
Starbucks opened its first store in China in 1999, when drinking coffee in a Western-style café was still a novel idea to many locals. But in the years since, homegrown coffee and bubble…
Not to brag, but it is 99.8% accurate! View Entire Post › Source link
Unionised Starbucks baristas are launching a wave of walkouts on Thursday (Nov 13), a work stoppage they say could grow to become their biggest strike to date. Workers United, which…
Twenty-six US senators and 82 House representatives have written to Starbucks chief executive officer Brian Niccol, urging the company to resume talks with its workers union, the lawmakers…
Ping An Bank, Industrial Bank, and China Minsheng Banking are set to arrange a seven-year syndicated loan of about US$1.4 billion Chinese lenders are nearing a deal to help finance Boyu…
Global prices for raw arabica beans are up more than 20% this year after soaring 70% in 2024 Starbucks posted on Wednesday (Oct 29) that its first quarter of gains in global comparable…
Union Starbucks workers are voting to authorize a strike for better pay and hours, threatening to disrupt pumpkin spice latte season at dozens of stores nationwide. Starbucks Workers…
When Starbucks announced that it would phase out its mobile-order pickup-only locations beginning in 2026, it raised a question: Why abandon a format seemingly built for speed and…
It’s been two years since Howard Schultz retired from the board of directors of Starbucks, a company he founded and led for decades, but he still enjoys chatting with customers—as he did…
On the heels of Starbucks’ recent announcement it will be cutting 900 corporate roles and closing 1% of its Northern American stores by the end of 2025 (after accounting for both new…
Starbucks‘ chief technology officer Deb Hall Lefevre resigned without a permanent replacement, according to an internal memo sent to corporate staff on Monday, seen by Reuters. The memo,…
The company says its overall store count will drop by 1% during the 2025 fiscal year Starbucks said it will close stores and eliminate 900 jobs in a US$1 billion restructuring effort as…
Get a spooky treat or two to find out! View Entire Post › Source link
There was a time, back in the mid-2010s, when Starbucks was in its prime. It was an era characterized by handwritten notes on cups, signature purple chairs, and coffee houses teeming with…
Global investment firms Carlyle Group and EQT, alongside regional players HongShan Capital Group and Boyu Capital, are preparing final offers for a controlling stake in Starbucks’ China…
Most of the bidders seeking to buy a portion of Starbucks’ China operations have submitted offers valuing the business at as much as US$5 billion, said two people with knowledge of the…
