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Starbucks Names Indian-Origin Laxman Narasimhan As New CEO
Starbucks Corp on Thursday named Laxman Narasimhan as its next chief executive officer, choosing an executive credited with revitalizing the maker of Lysol disinfectants to undertake a "reinvention" of the world's biggest coffee chain.
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Russian Duo Hail 'Stars Coffee' As Successor Brand To Starbucks
A restaurateur and rapper duo unveiled Stars Coffee on Thursday, reopening the chain of coffee shops in Russia formerly owned by Starbucks Corp, the latest major company rebranding after a months-long Western corporate exodus from the country.
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Starbucks' Schultz Announces Halt To Stock Buybacks, Shares Fall
Starbucks Corp's longtime former chief executive Howard Schultz announced on Monday the suspension of the company's stock repurchasing programme
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Starbucks Expects Over $2 Billion Drop In Quarterly Income Due To COVID-19
Starbucks Corp said on Wednesday it expects current-quarter operating income to plunge by up to $2.2 billion, and sales to decline for the rest of the year even as nearly all its cafes have reopened following easing of coronavirus lockdowns.
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'Broken System': Ex-Starbucks CEO Pulls Out Of 2020 US Elections
Former Starbucks Corp chief executive Howard Schultz has abandoned plans for an independent presidential run, saying he did not want to split the electorate and help re-elect U.S. President Donald Trump in 2020, according to a statement on his website.
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Starbucks Recalls Over 2 Lakh Coffee Presses After Laceration Hazard
Starbucks Corp is recalling about 263,000 of its coffee presses, made in partnership with Bodum, after the world's largest coffee chain received reports of the product breaking and causing deep cuts, the U.S. Consumer Product Safety Commission said on Wednesday.
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Starbucks To Lay Off 350 Global Corporate Employees
Starbucks Corp is laying off about 350 global corporate employees, Chief Executive Officer Kevin Johnson said on Tuesday in a memo to employees, seen by Reuters.
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Starbucks Shuts 8,000 Stores For Anti-Bias Training
Starbucks Corp appealed to customers for forgiveness in a row over racial profiling on Tuesday, saying its behavior towards two black American customers last month had been reprehensible as it closed 8,000 stores for anti-bias training.
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Starbucks To Close 8,000 US Stores For Racial Tolerance Training
Starbucks Corp will close 8,000 company-owned U.S. cafes for the afternoon on May 29 to train nearly 175,000 on how to prevent racial discrimination in its stores.
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Starbucks CEO Says Arrests Of Two Black Men "Reprehensible"
Starbucks Corp Chief Executive Kevin Johnson hopes to meet with the two black men arrested at one of its Philadelphia cafes last week to apologise for the incident, which has sparked accusations of racial profiling at the coffee chain.
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Starbucks Coffee In California Must Have Cancer Warning, Judge Says
Starbucks Corp and other coffee sellers must put a cancer warning on coffee sold in California, a Los Angeles judge has ruled, possibly exposing the companies to millions of dollars in fines.
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Starbucks Says Boycott Threats Over Refugee Hiring Hasn't Hurt Brand
Starbucks Corp on Friday said its business has not been hurt by a social media boycott campaign started in response to the chain's promise to hire 10,000 refugees globally over the next five years.
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Starbucks Nominates Microsoft CEO Nadella To Its Board
The announcement comes a month after former Microsoft executive Kevin Johnson was named Starbucks CEO to replace co-founder Howard Schultz. Schultz, who will step down in April, will remain as executive chairman.
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Starbucks CEO Steps Down To Focus On High-End Coffee, Shares Fall
Starbucks Corp co-founder Howard Schultz will step down as chief executive to focus on new high-end coffee shops, handing the top job to Chief Operating Officer Kevin Johnson, a long-time technology executive.
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Starbucks to Serve Stevia-Based Sweetener in Select Cafes
Starbucks Corp, the world's largest coffee chain, said it would serve its first stevia-based, zero-calorie sweetener at select cafes in the U.S. and Canada.
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Starbucks Names Indian-Origin Laxman Narasimhan As New CEO
Starbucks Corp on Thursday named Laxman Narasimhan as its next chief executive officer, choosing an executive credited with revitalizing the maker of Lysol disinfectants to undertake a "reinvention" of the world's biggest coffee chain.
-
Russian Duo Hail 'Stars Coffee' As Successor Brand To Starbucks
A restaurateur and rapper duo unveiled Stars Coffee on Thursday, reopening the chain of coffee shops in Russia formerly owned by Starbucks Corp, the latest major company rebranding after a months-long Western corporate exodus from the country.
-
Starbucks' Schultz Announces Halt To Stock Buybacks, Shares Fall
Starbucks Corp's longtime former chief executive Howard Schultz announced on Monday the suspension of the company's stock repurchasing programme
-
Starbucks Expects Over $2 Billion Drop In Quarterly Income Due To COVID-19
Starbucks Corp said on Wednesday it expects current-quarter operating income to plunge by up to $2.2 billion, and sales to decline for the rest of the year even as nearly all its cafes have reopened following easing of coronavirus lockdowns.
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'Broken System': Ex-Starbucks CEO Pulls Out Of 2020 US Elections
Former Starbucks Corp chief executive Howard Schultz has abandoned plans for an independent presidential run, saying he did not want to split the electorate and help re-elect U.S. President Donald Trump in 2020, according to a statement on his website.
-
Starbucks Recalls Over 2 Lakh Coffee Presses After Laceration Hazard
Starbucks Corp is recalling about 263,000 of its coffee presses, made in partnership with Bodum, after the world's largest coffee chain received reports of the product breaking and causing deep cuts, the U.S. Consumer Product Safety Commission said on Wednesday.
-
Starbucks To Lay Off 350 Global Corporate Employees
Starbucks Corp is laying off about 350 global corporate employees, Chief Executive Officer Kevin Johnson said on Tuesday in a memo to employees, seen by Reuters.
-
Starbucks Shuts 8,000 Stores For Anti-Bias Training
Starbucks Corp appealed to customers for forgiveness in a row over racial profiling on Tuesday, saying its behavior towards two black American customers last month had been reprehensible as it closed 8,000 stores for anti-bias training.
-
Starbucks To Close 8,000 US Stores For Racial Tolerance Training
Starbucks Corp will close 8,000 company-owned U.S. cafes for the afternoon on May 29 to train nearly 175,000 on how to prevent racial discrimination in its stores.
-
Starbucks CEO Says Arrests Of Two Black Men "Reprehensible"
Starbucks Corp Chief Executive Kevin Johnson hopes to meet with the two black men arrested at one of its Philadelphia cafes last week to apologise for the incident, which has sparked accusations of racial profiling at the coffee chain.
-
Starbucks Coffee In California Must Have Cancer Warning, Judge Says
Starbucks Corp and other coffee sellers must put a cancer warning on coffee sold in California, a Los Angeles judge has ruled, possibly exposing the companies to millions of dollars in fines.
-
Starbucks Says Boycott Threats Over Refugee Hiring Hasn't Hurt Brand
Starbucks Corp on Friday said its business has not been hurt by a social media boycott campaign started in response to the chain's promise to hire 10,000 refugees globally over the next five years.
-
Starbucks Nominates Microsoft CEO Nadella To Its Board
The announcement comes a month after former Microsoft executive Kevin Johnson was named Starbucks CEO to replace co-founder Howard Schultz. Schultz, who will step down in April, will remain as executive chairman.
-
Starbucks CEO Steps Down To Focus On High-End Coffee, Shares Fall
Starbucks Corp co-founder Howard Schultz will step down as chief executive to focus on new high-end coffee shops, handing the top job to Chief Operating Officer Kevin Johnson, a long-time technology executive.
-
Starbucks to Serve Stevia-Based Sweetener in Select Cafes
Starbucks Corp, the world's largest coffee chain, said it would serve its first stevia-based, zero-calorie sweetener at select cafes in the U.S. and Canada.
