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Starbucks opens ''silent cafe'' in China''s Guangzhou
Mon, May 20, 2019
The shop has a specially-designed ordering system that allows people to place orders without saying a word.
Tata Starbucks posts 30 pc sales growth in FY'19
Fri, Apr 26, 2019
Tata Starbucks revenue for the 2018-19, is expected to be around Rs 450 crore.
Starbucks sets up $100 million fund to invest in food and retail startups
Thu, Mar 21, 2019
Starbucks Corp is investing $100 million in a newly created fund that will be managed by Tesla Inc investor Valor Equity Partners to promote companies developing new tech for the food industry.
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.
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."
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.
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.
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.
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.
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."
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.
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.”
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.
Is social media all talk and no action when it comes to brands?
Tue, Apr 11, 2017
While people reacted adversly to the video of a customer being assaulted on United Airlines, there was not much impact to the company's stocks.
Vistara will now serve Starbucks coffee to premium economy, business class only
Tue, Apr 11, 2017
Full service carrier, Vistara on Tuesday announced that it will now be brewing Starbucks coffee on its flights but only for its business class and premium economy travellers.
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.
Starbucks courts millennials with $10 coffee at new Reserve bars
Wed, Dec 07, 2016
Starbucks Corporation co-founder Howard Schultz`s plan to build a new prestige brand is a bet that moving upscale can raise the profile of the world`s largest coffee brand with millennials like Megan Sauers.
PepsiCo, Starbucks CEOs call for inclusion after Trump win
Fri, Nov 11, 2016
Chief executives from PepsiCo and Starbucks on Thursday called for a renewed commitment to inclusion following a presidential campaign that exposed racial and ethnic fault lines in the United States (US).
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.
Here’s why Apple is well prepared to ride the $14.5 billion tax bill imposed by EU
Wed, Aug 31, 2016
Apple had warned investors in a July regulatory filing that the Commission’s investigation could lead to "material" liability for further tax payments, but that it could not estimate the impact.