Starbucks
Starbucks sales growth to be steady despite UberEats deal, plans for China expansion
Fri, Dec 14, 2018
Starbucks Corp said on Thursday it was partnering with UberEats for delivery from about 3,500 U.S. stores and would nearly double its outlets in China over the next four years, but forecast that same-store sales would remain steady, sending shares down 3 percent.
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Coca-Cola takes big step into coffee with $5.1 billion Costa deal
Fri, Aug 31, 2018
"Hot beverages is one of the few segments of the total beverage landscape where Coca-Cola does not have a global brand," Coca-Cola CEO James Quincey said. "Costa gives us access to this market with a strong coffee platform."
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Starbucks ties up with Alibaba for China coffee delivery to revive sales
Thu, Aug 02, 2018
Starbucks Corp is partnering with Alibaba to deliver its coffee in Chinese cities, betting the move will revive sales growth in its second-largest market that is witnessing aggressive competition from local coffee start-ups.
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Starbucks' departing chairman Howard Schultz backs China prospects, hints at Jack Ma tie-up
Mon, Jul 09, 2018
Starbucks said last month China same-store sales would be flat to slightly negative in its second-biggest market in April-June, versus 7 percent growth a year earlier, triggering a sharp drop in the chain`s share price.
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Starbucks' departing chairman backs China prospects, hints at Jack Ma tie-up
Mon, Jul 09, 2018
Starbucks Corp`s outgoing Executive Chairman Howard Schultz said on Monday that a recent slowdown in China would be short-lived, seeking to salve investor concerns that the U.S. coffee chain is under pressure in the fast-growing market.
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Starbucks shuts 8,000 stores for anti-bias training
Wed, May 30, 2018
Black leaders who are advising Starbucks Corp on its anti-bias training program, which begins Tuesday, hope it will reinvigorate decades-old efforts to ensure minorities get equal treatment in restaurants and stores, setting an example for other corporations.
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Starbucks to close over 8,000 stores across US today to conduct anti-bias training
Tue, May 29, 2018
According to a video previewing the Starbucks training, there will be recorded remarks from Starbucks executives and rapper/activist Common. From there, employees will "move into a real and honest exploration of bias" where, in small groups, they can share how the issue comes up in their daily work life. Starbucks has described it as a "collaborative and engaging experience for store partners to learn together."
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Nestle to pay $7.15 billion to Starbucks in coffee tie-up
Mon, May 07, 2018
Nestle will pay Starbucks $7.15 billion as part of a global coffee alliance in which the Swiss-based food giant is getting the rights to market the U.S. coffee company`s products around the world outside Starbucks` coffee shops.
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Starbucks racial bias row: Will closing 8000 stores on May 29 fix the issue?
Thu, Apr 19, 2018
Following this incident, the US coffee chain apologized on Twitter by saying, “We regret that our practices and training led to the reprehensible outcome at our Philadelphia store.” Further, it added, “We’re taking immediate action to learn from this and be better.” Starbucks CEO Kevin Johnson, who expressed his regret about the incident, reportedly said, “I’ve spent the last few days in Philadelphia with my leadership team listening to the community, learning what we did wrong and the steps we need to take to fix it.”
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McDonald’s India raises concerns over food quality at CPRL-run outlets
Fri, Dec 29, 2017
McDonald’s India Pvt. Ltd (MIPL), the local unit of the American fast food chain, has expressed concern over the quality and safety of food served across 169 McDonald’s restaurants run by its north and east India licensee Connaught Plaza Restaurants Pvt. Ltd (CPRL), as reported by Livemint.
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Starbucks to hire 10,000 refugees over next 5 years
Mon, Jan 30, 2017
Starbucks says it will hire 10,000 refugees over the next five years, a response to President Donald Trump's indefinite suspension of Syrian refugees and temporary travel bans that apply to six other Muslim-majority nations.
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Starbucks, Amazon pay less tax than a sausage stand, says Austria
Sat, Sep 03, 2016
Multinationals like coffee chain Starbucks and online retailer Amazon pay less tax in Austria than one of the country's tiny sausage stands, the republic's centre-left chancellor lamented in an interview published on Friday.
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