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Starbucks consolidated net revenue grows 7 percent

Starbucks Corporation reported financial results for its 13-week fiscal first quarter ended December 29, 2019. Global comparable store sales were up 5 percent, driven by a 3 percent increase in average ticket and a 2 percent increase in comparable transactions....

Starbucks opens four-storey fully immersive premium coffee experience in Tokyo

Starbucks has opened Starbucks Reserve® Roastery Tokyo, a four-storey tribute to premium coffee quality, innovation and human connection. This will be the fifth Roastery globally, opening to the public on Thursday, Feb. 28, at 7 a.m. JST, reaffirming the...

Starbucks opens 23,000 sq.ft immersive coffee destination in New York

Starbucks has announced the opening of Starbucks Reserve Roastery New York, which opens its doors to the public on Friday, December 14. Located in the meatpacking district at 61 9th Avenue (on the corner of 9th Avenue and 15th...

Starbucks names Patrick Grismer Chief Financial Officer

Starbucks Corporation announced Patrick Grismer has been appointed Executive Vice President and Chief Financial Officer (CFO). Reporting to Kevin Johnson, Starbucks President and Chief Executive Officer, Grismer succeeds Scott Maw, who will retire on November 30. Maw will remain a...

Starbucks to operate 10,000 ‘Greener Stores’ globally by 2025

For the past decade, Starbucks has been committed to creating green buildings through a partnership with the U.S. Green Building Council. The two organizations worked together on the Leadership in Energy and Environmental Design (LEED) for Retail program, a...

Nestlé and Starbucks close deal for global license of Starbucks CPG and Foodservice products

Nestlé and Starbucks Corporation announced the closing of the deal granting Nestlé the perpetual rights to market Starbucks Consumer Packaged Goods and Foodservice products globally, outside of the company’s coffee shops. Through the alliance, the two companies will work closely...

Starbucks announces strategic priorities and operational initiatives to accelerate growth and create long-term shareholder value

Starbucks Corporation has announced a set of strategic priorities and corresponding operational initiatives to accelerate growth and create long-term shareholder value. Starbucks details three strategic priorities to regain revenue and earnings momentum: - Accelerating growth in the U.S. and China, the...

Nestlé enters agreement for the perpetual global license of Starbucks consumer and foodservice products

Nestlé has announced an agreement granting the company perpetual rights to market Starbucks consumer and foodservice products globally, outside of the company's coffee shops. This transaction provides Nestlé with a strong platform for continued growth in North America with leadership...

Starbucks to shut US stores for racial-bias training

Starbucks announced on Tuesday that it will close all its company-owned stores in the US for the afternoon on May 29 to train employees how to prevent racial discrimination in their stores. In the wake of outrage over the arrest...

Starbucks to sell tepid Tazo tea brand to Unilever for US $384 million

Coffee shop chain Starbucks said on Thursday it will sell its Tazo tea brand to Unilever for $384m to focus on its Teavana line, amid disappointing quarterly results. “With our growth strategy for premium tea exclusively focused on Teavana, we...
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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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