Page 2 - Starbucks

Starbucks' Schultz announces halt to stock buybacks, shares fall

Shares closed more than 3% lower. Analysts predicted the suspension to knock 2 to 3% off earnings in fiscal 2023.

Starbucks' Howard Schultz announces halt to stock buybacks, shares fall

Schultz said in the letter that he will travel in coming weeks to meet with employees

Starbucks CEO Johnson to retire; founder Schultz to be interim chief

Starbucks President and CEO Kevin Johnson said Wednesday he will retire next month, and former CEO and company founder Howard Schultz will replace him on an interim basis.

A new coffee company is taking on Starbucks in London

Blank Street Coffee, the fast-growing Brooklyn, New York-based chain, is bringing its inexpensive espresso to the UK capital in June.

McDonald's, Starbucks, Coca-Cola shut shops, halt production in Russia

Other well-known Western food giants such as KFC and Burger King were also reportedly stopping sales in Russia

Starbucks expands delivery services in China with Meituan tie-up

The move will expand the U.S. coffee chain's delivery footprint in China, which has since 2018 used Alibaba Group's Ele.me as its exclusive delivery partner

Covid-19: Starbucks says US employees must get vaccine or test weekly

Starbucks says its US workers must be fully vaccinated by Feb 9 or face a weekly COVID testing requirement.

Starbucks brews brisk growth plans; seeks to upgrade customer experience

Starbucks also allowed for curbside delivery or for custom­ers to walk to a nearby store and collect their orders

Starbucks workers vote to join union at one store in New York's Buffalo

Starbucks employees voted to join a union at one store in Buffalo, New York, delivering the coffee chain its first unionized company-owned location in the US

Starbucks faces union test as worker votes are counted

A growing effort to unionize Starbucks stores despite company resistance is facing its first major test.

Starbucks, Amazon open grab-and-go store in New York

The stores offer the full Starbucks menu as well as prepared salads, sandwiches and snacks from Amazon Go

Starbucks, Amazon open first grab-and-go concept store in New York

The companies will open their first Starbucks Pickup with Amazon Go location on Thursday in New York. At least three more New York stores are planned for next year

Starbucks eyes faster India expansion with new store formats

Starbucks aims to hasten its India expansion with smaller stores and drive-through outlets, the CEO of its local partner said on Monday

Korea: Shinsegae Group is negotiating to buy additional shares in Starbucks

E-Mart is reportedly speeding up its acquisition of an additional stake in Starbucks Korea.According to the distribution industry on Monday, Shinsegae Group is planning to purchase an additional 50 per cent stake of Starbucks Korea from Starbucks International, its US headquarters. It is reported that 30 per cent of shares are likely to be acquired by the Singaporean sovereign wealth fund (GIC)."E-Mart is negotiating to acquire a stake held by Starbucks International," a Shinsegae Group's official said. "The details or schedule have not been confirmed."Currently, Starbucks International and E-Mart each hold 50 per cent of Starbucks Korea's shares. Shinsegae Group has been negotiated since last year to acquire a 50 per cent stake held by Starbucks International. If Shinsegae Group successes to acquire the additional stake held by Starbucks International, E-Mart becomes the largest single shareholder of Starbucks Korea and will have exclusive rights to business in Korea.Starbucks Korea .

Coffee chain Starbucks applies for naming rights with US trademark office

In a June 2 application, the coffee chain sought approval to use its name in "providing stadium and training facilities for sports and entertainment activities"

Starbucks sales miss as coronavirus spike keeps customers at home

The world's largest coffee chain's global same-store sales fell 5 per cent in its first quarter, which ended December 27, more than analysts' estimates of a 3.4 per cent decline

Xi Jinping asks Starbucks's Schultz for help mending US-China ties

Chinese leaders have often tried to utilize ties with US business leaders to improve US-China relations, and have repeatedly stressed the role of commerce as a stabilizer in bilateral ties

Starbucks guilty of overcharging customers by Rs 1.04 cr: Monitoring agency

Did not pass on the benefit of reduced GST rates to consumers to the tune of Rs 1.04 crore and escaped penalty

US coffee brand Starbucks bucks Covid-19, enters Lucknow with two outlets

With this, Starbucks has expanded its store network to 189 across 12 cities in India, which is one of its fastest growing markets globally

Starbucks to resume dine-in services in seven cities across India

Tata Starbucks on Monday said the company will resume dine-in services in seven cities across India, with elevated cleaning and sanitising protocols.