Starbucks News: The company said its overall store count will drop by 1% during the 2025 fiscal year, ending with 18,300 total locations across the US and Canada.
From elephant-digested beans in Thailand to volcanic island brews from the South Atlantic, discover what sets these elite coffees apart and why they command such high prices.
Coffee is more than a morning pick-me-up—it’s a global obsession that has led to the discovery and cultivation of some of the most extraordinary brews on Earth. These ultra-expensive coffees are cultivated in remote mountains, harvested through intricate processes, and cherished for their complex aromas and rare origins.
The sudden RTO notices caught many corporate employees of Starbucks by surprise, leading some to immediately begin looking for new jobs.
Starbucks spokeswoman Lori Torgerson confirmed that CEO Brian Niccol has bought a home in Seattle and is now frequently seen at the company’s headquarters.
To stay neutral while South Korea's election season is heated, Starbucks is preventing customers from using presidential candidates' names in beverage orders.
Starbucks shares fell 6% after reporting weaker-than-expected earnings and a fifth straight quarter of same-store sales declines, despite CEO Brian Niccol highlighting early progress in the company’s turnaround plan.
Earnings per share were slightly higher than the average estimate, while transactions in North America, the chain’s largest market, declined in line with expectations.
According to a Bloomberg report, Brian Niccol received $96 million in compensation after joining Starbucks in September 2024. The report revealed that 94% of his earnings stemmed from stock awards, primarily tied to performance metrics and vesting over a three-year period. In addition, Niccol was granted a $5 million sign-on bonus just one month after stepping into his role.
The question of bathroom access has been a fraught one for Starbucks, with the issue thrust into the spotlight in 2018 when two Black men were refused access to a branch bathroom while they waited for a friend.
Starbucks India operates as a 50:50 joint venture between Starbucks Corporation and Tata Consumer Products, under the brand name Tata Starbucks. Established in 2012, the coffee chain has more than 450 outlets in the country.
The company issued a new code of conduct as part of its plan to make stores more welcoming and win back consumers, Starbucks said in an emailed statement.
Tata’s relationship with Starbucks stands strong with shared values and commitment to India, the FMCG company told CNBC-TV18
'We will calibrate for the short term ... In the near term there will be pressure,' says Tata Consumer CEO Sunil D'Souza
The attack began on November 21and has affected operations at 11,000 Starbucks locations in the United States and Canada.
The coffee chain has been speaking to advisers about ways to grow its operations in China including the potential introduction of a local partner, the people said, asking not to be identified because the information is private.
To abide by the company's hybrid policy, CEO Brian Niccol himself undertakes an extensive daily commute of 1,600 kilometres between his home in California and the coffee giant's headquarters in Seattle.
'I have been told countless times that part of our job is just taking rude customers,' a Starbucks barista said. 'But there's no clear line between 'rude' and 'hostile' and even then I shouldn't have to put up with anyone being rude to me at my job.'
From General Motor's stellar stock performance and guidance lift for 2024 to Norwegian sovereign wealth fund's strong returns, here's a look at some of the major developments from across the world.
The Seattle coffee giant on Tuesday reported weaker-than-expected sales in its fiscal fourth quarter, which ended Sept. 29.
Brian Niccol also opened up about what set him apart from other candidates when it came to getting the CEO role at Starbucks. He said that it was his confidence and a five-word phrase he used that convinced recruiters that he was indeed perfect for the job.
Bhavya Arora's initial post read: 'Need suggestions for cafes in HSR layout which have 1. strong Wi-Fi 2. don't expect you to order 3. (optional) - comfortable seating.'
Sonu's determination to provide for his family while ensuring his daughter’s well-being struck a chord with those present. The Starbucks team, moved by his story, offered his daughter a small treat of babyccino—a warm, milk-based drink designed for children.
Sunny Gupta shared his experience of ordering a laptop from Flipkart Minutes on X. Gupta detailed that from the moment he completed his purchase to the time the laptop was delivered to his location at a Starbucks outlet, only 13 minutes had passed.
The Shaadi.com owner's comments said that Strabucks's continued value erosion is inevitable. Mittal's comments were made after the coffee chain replaced its Indian-origin CEO Laxman Narasimhan with Chipotle CEO Brian Niccol on August 13.