Walgreens To Name Starbucks Executive Roz Brewer As CEO- WSJ
About Starbucks Corporation
Starbucks Corp is a coffee roaster and retailer of specialty coffee with operations in approximately 82 markets around the world. The Company has over 32,000 Company-operated and licensed stores. It operates through three segments: Americas, International and Channel Development. It also sells a variety of coffee and tea products and license its trademarks through other channels, such as licensed stores, grocery and foodservice. It purchases and roasts coffees that it sells, along with handcrafted coffee, tea and other beverages and a variety of food items through Company-operated stores. In addition to its flagship Starbucks Coffee brand, it sells goods and services under various brands, including Teavana, Seattle’s Best Coffee, Evolution Fresh, Ethos, Starbucks Reserve and Princi.
Mexico's Alsea on Thursday reported a net loss of 312.1 million pesos ($15.3 million) in the first quarter, in a setback for the restaurant operator after it returned to profit at the end of last year.
Starbucks Corp missed quarterly sales estimates on Tuesday, sending shares down 2%, even though the coffee chain raised its annual forecast for revenue and profit on the expectation that more customers will return as they get vaccinated.
After a year of declining sales, Starbucks Corp on Tuesday is expected to report record second-quarter revenue of over $6.8 billion, as speedy vaccinations in the United States and China make customers more comfortable with returning to their morning coffee runs.
Social media users have been sharing posts, which claim that the CEO of Starbucks said that if you believe in “traditional marriage” between a man and a woman you should not drink Starbucks coffee. This claim is false: Starbucks openly supports same-sex marriage, but Reuters...
Chinese coffee chain Luckin Coffee said on Wednesday its board had found no evidence of misconduct by Chief Executive Jinyi Guo during a month-long investigation into allegations made by some employees.
Chinese President Xi Jinping encouraged Starbucks' former chairman Howard Schultz and the coffee company to play an active role in promoting U.S.-China trade cooperation and bilateral ties, state media reported on Thursday.
Luckin Coffee Inc has agreed to pay a $180 million penalty to settle accounting fraud charges for "intentionally and materially" overstating its 2019 revenue and understating a net loss, U.S. regulators said on Wednesday.
Starbucks Corp Chief Executive Officer Kevin Johnson said customers will flock back to cafes once the coronavirus pandemic is over, even as the company builds more walk-thru locations without seating in major cities.
A former Starbucks Corp barista in New Jersey sued the coffee chain on Thursday, claiming she was fired illegally because she did not want to wear a "PRIDE" T-shirt, which she said conflicted with her religious beliefs.
A group of Starbucks customers lost their bid in Manhattan federal court on Thursday to mount a class action against the popular coffee chain after claiming it exposed them to a toxic pesticide at its New York City stores.
Starbucks Corp said on Tuesday it will add plant-based food and beverages to menus across Asia from September, including products from Impossible Foods, Oatly and Beyond Meat Inc, as it targets more environment-conscious diners.
Starbucks Corp's <SBUX.O> South Korean unit is scrambling to curb the spread of coronavirus, cutting seating capacity in its cafes and delaying a promotional campaign after 50 cases were linked to one of its stores outside of Seoul.
Starbucks Corp's South Korean operation is scrambling to curb the spread of coronavirus, cutting seating capacity in its cafes and delaying a promotional event after nearly 50 cases were linked to one of its stores outside of Seoul.
Starbucks Corp on Tuesday reported a smaller-than-expected drop in quarterly comparable store sales as more people used its drive-thru and delivery options to buy coffee and food during coronavirus-driven lockdowns.