Starbucks

Starbucks' new CEO Laxman Narasimhan says he plans to work a half-day shift once a month in one of the company's stores in an effort to stay close to its culture and customers. Narasimhan, who took the reins as CEO earlier this week, said in a letter to Starbucks' employees Thursday that he also expects the company's leadership team to be connected and engaged in stores. While our performance is strong, our health needs to be stronger, Narasimhan wrote in the letter. We must care for the artists and the theater in the front of our stores and the factory in the back. Having a CEO work in stores is new for Seattle-based Starbucks, but not unprecedented among big companies. DoorDash CEO Tony Xu and his executive team make DoorDash deliveries once a month, for example. Narasimhan, 55, issued the letter just prior to the company's annual meeting, which was held virtually. The former PepsiCo executive has spent the last six months immersing himself in Starbucks, earning his barista ...

The work stoppage comes one day before Starbucks's annual shareholder meeting, the first for new CEO Laxman Narasimhan, who officially took the reins from Howard Schultz this week

Narasimhan, 55, has also joined the company's board of directors, Starbucks said in a statement

The dispute involves workplace activism in 2019, before the launch of the current Starbucks Workers United campaign which has reached hundreds of the company's US cafes

Starbucks workers around the US are planning a three-day strike starting Friday as part of their effort to unionize the coffee chain's stores. More than 1,000 baristas at 100 stores are planning to walk out, according to Starbucks Workers United, the labur group organising the effort. The strike will be the longest in the year-old unionization campaign. This is the second major strike in a month by Starbucks' US workers. On November 17, workers at 110 Starbucks stores held a one-day walkout. That effort coincided with Starbucks' annual Red Cup Day, when the company gives reusable cups to customers who order a holiday drink. More than 264 of Starbucks' 9,000 company-run US stores have voted to unionize since late last year. Starbucks opposes the unionization effort, saying the company functions better when it works directly with employees. But the company said last month that it respects employees' lawful right to protest. Tori Tambellini, a former Starbucks shift supervisor and un

Justice Navin Chawla permanently restrained LOL Cafe from using the "Frappuccino" mark to sell its products and opined that Starbucks Corporation is also entitled to the "cost of the suit"

Starbucks workers at more than 100 US stores say they're going on strike Thursday in what would be the largest labour action since a campaign to unionize the company's stores began late last year. The walkouts are scheduled to coincide with Starbucks' annual Red Cup Day, when the company gives free reusable cups to customers who order a holiday drink. Workers say it's often one of the busiest days of the year. Starbucks declined to say how many red cups it plans to distribute. Workers say they're seeking better pay, more consistent schedules and higher staffing levels in busy stores. Starbucks opposes the unionization effort, saying the company functions best when it works directly with employees. The Seattle coffee giant has more than 9,000 company-owned stores in the US. Stores in 25 states planned to take part in the labour action, according to Starbucks Workers United, the group organising the effort. Some workers planned to picket all day while others planned shorter walkouts.

Starbucks co-founder Zev Siegl, who was on a visit to India to attend Global Investors Meet in Bengaluru, was seen at a restaurant enjoying filter coffee and masala dosa

In the Asia Pacific, Starbucks has 142 Reserve stores

Tata Starbucks, which has completed a decade of operations in a checkered manner in terms of profitability and expansion, on Tuesday announced the launch of its first Reserve store here. Tata Starbucks, which currently operates 300 stores across 36 cities in India and is an arm of Tata Consumer Products, has added 32 stores in 14 cities this year so far, atop 50 stores added last fiscal. Adding 32 stores across 14 cities so far is the largest store expansion in a single year, Tata Starbucks chief executive Sushant Dash told PTI here. Dash said the company, which is yet to report its maiden profit, is out of the pandemic blues with Q1 FY23 revenue more than doubling to Rs 251 crore. In FY22, its topline grew 78 per cent to Rs 636 crore. It reported a net loss of Rs 95 crore. But Dash insisted the company is cash positive while refusing to offer a timeline on when it will be able to turn profitable. Starbucks Reserve store aims to elevate the coffee experience of the brand by ...

Traders price in 37% chance of 100 bps rate hike next week; Starbucks projects strong profit growth over next three years

Narasimhan holds a degree in mechanical engineering from the College of Engineering, University of Pune, India

With Laxman Narasimhan being appointed as the CEO of Starbucks, a new name has been added to the list of India-origin CEOs of American corporations

Narasimhan was CEO of Reckitt, which also makes Durex condoms, Enfamil baby formula and Mucinex cold syrup

The Seattle coffee giant said regional office made special arrangements for pro-union workers to vote in person at its office, even though store election was supposed to be handled by mail-in ballot

The UK is Starbucks' largest market in Europe, the Middle East and Africa

The decision could spark a wider unionization movement among Apple store workers, similar to the first Starbucks union vote last year

Starbucks' stores are owned and operated by Alshaya Group, a Kuwait-based franchise operator

In a statement issued Friday, an interfaith coalition led by Nevada-based Hindu activist Rajan Zed pressed the coffee chain to end the surcharges it called unethical and unfair.

Schultz said he realized through the employee sessions that 'there's been many short-term decisions that have had an adverse long-term effect on the company'