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First standalone Princi store in U.S. opens in Seattle

Take a look at a map of Italy and you’ll find the region of Calabria at the toe of the boot, its rugged mountains jutting into a turquoise sea. Rocco Princi grew up in a small village here, surrounded...

TGBL focuses on scaling up its product lines

Tata Global Beverages Ltd (TGBL) would focus on scaling up its product lines, company chairman N. Chandrasekaran said on Thursday. Amid speculation on a restructuring proposal to merge the group's food and beverages businesses into a single company, he said...

Starbucks debuts nitro cold brew in India

Starbucks has introduced a new generation of coffee in India with Nitro Cold Brew on tap. Using the highest quality coffee beans, the Nitro Cold Brew unfolds an irresistible coffee experience where time meets texture. With each cup 48...

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...

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 US outlets temporarily shutting down for anti-bias training

Starbucks will temporarily shut down about 8,000 company-owned locations across the US on Tuesday to offer 175,000 employees mandatory anti-bias training. Participating stores will close around 2 p.m. to 3 p.m., reports CNN. However, the outlets in hotels, grocery stores...

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...

Tata Starbucks opens 24 new stores in India

Tata Starbucks, a 50:50 joint venture between coffee store chain Starbucks and Tata Global Beverages, is opening 24 stores across cities in India to take the total number of stores to 115 by the end of this fiscal, an...

Starbucks first store in Jamaica honors country’s rich heritage

Starbucks today opened its first store in Jamaica and entered its 76th market globally, marking a historic milestone for the global coffee company’s Caribbean operations and its storied history of sourcing the highest quality coffee from the region going...
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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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