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Starbucks to acquire remaining shares of East China JV; operate all Starbucks in Mainland China

Starbucks Corporation has announced entry into a definitive agreement to acquire the remaining 50 per cent share of its East China (East China JV) business from long-term joint venture partners, Uni-President Enterprises Corporation (UPEC) and President Chain Store Corporation...

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...
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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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