He’s already frozen stock repurchases that were part of a $20 billion package, saying the money would be better spent on employees and cafe improvements.
Starbucks has been facing intense competition in the United States and China, its two largest markets, and has been exploring newer avenues to help drive sales.
Schultz, who will become executive chairman in April 2017, said he would focus on building ultra-premium Reserve stores and showcase Roastery and Tasting Rooms around the world as well as setting the brand's "social impact agenda" that includes sending employees to college and recruiting veterans.
Starbucks Corp has locked in two-thirds of its fiscal 2017 coffee needs and expects prices will be "a little" favourable, but likely offset by foreign exchange pressures, Chief Financial Officer Scott Maw said on Thursday.
Coffee Day Enterprises has already raised over Rs 334 crore from anchor investors.
The IPO of Coffee Day Enterprises received bids for 34,24,275 shares against the total issue size of 2,58,14,198 shares on offer, receiving 13 per cent subscription, data available with the NSE till 1700 hours showed.
Coffee Day Enterprises Ltd, which competes with Starbucks Corp among others in India, is backed by private equity firm KKR & Co. It will launch its share sale to retail and institutional investors on Wednesday.
KFC and Chili's restaurants also will begin accepting Apple Pay in 2016, she said at the Re/code technology conference in Half Moon Bay, California.
India has seen fewer IPOs in the last few years because of volatile markets and slowing economic growth, and the response of foreign and local investors to this offering will be a test of appetite for new issues in the current unsettled climate.
Carbonated beverages have suffered from slow growth in recent years as consumer sentiment shifts toward healthier beverages. Coca-Cola's investment would value Suja, a start-up that counts Hollywood celebrities as investors, at around USD 300 million, the sources said.
European Union antitrust regulators opened an investigation into Amazon's tax-minimising arrangements with Luxembourg in October. The investigation focuses on whether Luxembourg broke EU state aid rules by agreeing to a deal which allows Amazon to operate almost tax-free in Europe.
Mondelez International Inc spun off Kraft Foods, its North American grocery operations as an independent company in October 2012. Under an agreement between those two companies, Mondelez will receive all proceeds from the Starbucks-Kraft dispute
Starbucks Corp will use its ubiquitous coffee cups to tell U.S. lawmakers to come up with a deal to avoid going over the "fiscal cliff" and triggering automatic tax hikes and spending cuts.
Last year, the buzzword in e-commerce was Groupon Inc and its myriad of competitors that offered daily online coupons to entice shoppers in a down economy. Now, the latest fashion in retail is social gifting, where people get together on Facebook to buy each other gifts.
Starbucks Corp opened the first store in its new Evolution Fresh juice bar chain, its biggest move outside coffee aimed at boosting the company's position in the USD 50 billion health food sector.
Starbucks Corp reported a quarterly profit that topped Wall Street's view, but its shares fell as investors in the world's biggest coffee chain focused on softness in Europe rather than strength in the United States.
Starbucks Corp CEO Howard Schultz, decrying a lack of leadership in Washington, said his coffee store chain is helping launch a nationwide fund designed to stimulate US job creation.
Starbucks Corp unveiled a reorganisation on Monday that Chief Executive Howard Schultz hopes will help the coffee chain reach its goal of one day getting half of its revenue from abroad.
Can't do without your daily dose of caffeine? Well get ready to shell out a lot more, says Hameed Huq, managing director, Tata Coffee. He also confirms that talks are progressing with Starbucks Corp and is in its final stages.
Starbucks Corp plans to have 1,500 stores in mainland China by 2015, nearly four times the current level, the firm's Greater China chairman told Reuters in an interview on Friday.
Peet's Coffee & Tea Inc recently held talks with Starbucks Corp about a potential sale to the large coffee shop chain, CNBC reported, citing a DealReporter report.
US-based Dunkin' Donuts, one of the largest coffee and baked goods chains, is in talks to enter India through a franchisee deal with Jubilant Foodworks, the Economic Times reported on Thursday.
Starbucks Corp has 'very bold' plans for the fast-growing single-serve coffee and is eyeing multiple deals around the world, sending shares of Green Mountain Coffee Roasters Inc, the US market leader, down 7.7%.
Starbucks Corp and Green Mountain Coffee Roasters are in partnership negotiations, a source close to the talks told Reuters on Monday, sending Green Mountain shares to a lifetime high.
Italy's leading coffee roaster Lavazza plans to raise sales in India by 25% a year in the next few years thanks to a new coffee plant there as it aims to expand on growing Asian markets, a senior executive said.