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Starbucks CEO Laxman Narasimhan’s new role: To work as barista in stores every month

Narasimhan, 55, officially became the Seattle-based coffee giant's chief executive on Monday, taking the reins from Howard Schultz about two weeks earlier than scheduled New York: Starbucks' new Indian-origin CEO Laxman Narasimhan has said he will work as a barista...

Starbucks chief Howard Schultz leaves firm after 36 years

Starbucks Executive Chairman Howard Schultz, who oversaw the growth of the coffee chain into a global powerhouse, has said he is quitting the company after nearly four decades. Schultz, who retired as Chief Executive last year, is to relinquish his...

Starbucks opens state-of-the-art premium reserve roastery in Shanghai

Starbucks Reserve Roastery in Shanghai, the first fully immersive coffee experience in Asia, will celebrate its historic opening on December 6, culminating in Starbucks most ambitious project ever. When the doors open to the world’s second Starbucks Roastery, created...

Starbucks Roastery coming to Milan in 2018

Starbucks Coffee Company has announced its newest Roastery location on Piazza Cordusio in Milan with a dramatic unveiling of the building prior to its remodel. Set to open in late 2018, the Milan Reserve Roastery will be the first...

Starbucks pledges to hire 10,000 refugees

US coffeehouse chain, Starbucks has pledged to hire 10,000 refugees over the next five years in the 75 countries where it does business in response to President Donald Trump's order banning travel from seven Muslim majority countries, the media...

Walmart's Rosalind Brewer, Microsoft's Satya Nadella to join Starbucks' Board

Starbucks Corporation announced on Wednesday the nominations of President and Chief Executive Officer of Sam's Club (a division of Walmart), Rosalind Brewer; Executive Chairman of the LEGO Brand Group, Jørgen Vig Knudstorp; and CEO of Microsoft Corporation, Satya Nadella, to...

Starbucks introduces tea brand Teavana in India

Global coffeehouse chain Starbucks on Wednesday introduced tea as a core offering in 88 stores in the country under the brand Teavana. "We had nine teas on offer and are doubling that with the launch of Teavana speciality teas. We...

Starbucks presents five-year plan, to open 12,000 stores by 2021

Starbucks on Thursday presented its five-year plan for strong global growth at the Biennial Investor Conference. The company said it plans to add 12,000 stores globally – to a total of 37,000 – by 2021. It has projected a 10 per...

Starbucks CEO Howard Schultz steps down to focus on high-end coffee

Howard Schultz, Chairman and Chief Executive Officer (CEO) of Starbucks, will be stepping down in April next year and will move into the role of executive chairman. Starbucks’ President and Chief Operating Officer (COO) Kevin Johnson will replace Schultz as...

Starbucks announces Starbucks Reserve Roastery coming to Tokyo in 2018

Starbucks Coffee Company on Friday announced it will open a Starbucks Reserve Roastery, Japan, in 2018. Located in the Nakameguro district, an upscale neighborhood known for its exclusive boutiques and art galleries, the Roastery will be a one-of-a-kind retail environment. Designed in...
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The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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