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  • Starbucks eyes faster India expansion with new store formats Oct 25, 2021 09:29 PM IST

    Starbucks eyes faster India expansion with new store formats

    India is one of Starbucks' fastest growing markets globally. The market for coffee shops in the country has surged even as tea remains a more affordable and popular beverage.

  • Explainer: Why coffee could cost more at groceries, cafes Sep 27, 2021 08:33 PM IST

    Explainer: Why coffee could cost more at groceries, cafes

    The Brazil frosts followed COVID-related supply chain snarls, a dearth of shipping containers, labor shortages and other production hiccups. Add in rising costs for virtually everything and you have a bitter cup brewing for coffee drinkers.

  • Starbucks to sell 50% stake in South Korean venture to E-Mart, GIC Jul 27, 2021 09:23 AM IST

    Starbucks to sell 50% stake in South Korean venture to E-Mart, GIC

    E-Mart, which currently owns 50% of Starbucks Coffee Korea, will acquire an additional 17.5% interest, while GIC will own 32.5%, Starbucks said.

  • Tata Starbucks appoints Sushant Dash as new CEO, Navin Gurnaney to step down Feb 10, 2021 03:23 PM IST

    Tata Starbucks appoints Sushant Dash as new CEO, Navin Gurnaney to step down

    Dash joins Tata Starbucks from Tata Consumer Products where he is currently President Packaged Beverages Business, India, Bangladesh, and Middle East, the company said.

  • China's Xi Jinping pens letter to Starbucks tycoon to promote trade Jan 14, 2021 01:34 PM IST

    China's Xi Jinping pens letter to Starbucks tycoon to promote trade

    China will "provide a broader space for companies from all over the world, including Starbucks and other American companies, to develop in China", Xi Jinping wrote in his letter.

  • Starbucks fined Rs 1.4 crore for profiteering, told to reduce prices Nov 05, 2020 01:02 PM IST

    Starbucks fined Rs 1.4 crore for profiteering, told to reduce prices

    The National Anti-Profiteering Authority has directed Starbucks to deposit the amount with 18 percent interest within three months to central and state consumer welfare funds.

  • Face-mask wearing employees escape COVID-19 outbreak at Starbucks cafe in Korea Aug 25, 2020 05:58 PM IST

    Face-mask wearing employees escape COVID-19 outbreak at Starbucks cafe in Korea

    According to the report, the Starbucks infections later resulted in nearly three dozen more cases outside the coffee shop as of August 24

  • Starbucks expands Chinese order services to multiple Alibaba apps Jul 21, 2020 11:15 AM IST

    Starbucks expands Chinese order services to multiple Alibaba apps

    Starbucks' mobile pre-order and in-store pick up feature, "Starbucks Now", previously only available on the coffee giant's own app, will be extended to four Alibaba platforms, including local services app Koubei and digital payment app Alipay.

  • Starbucks latest to halt social media ads "to stop spread of hate speech" Jun 29, 2020 08:05 AM IST

    Starbucks latest to halt social media ads "to stop spread of hate speech"

    Starbucks said Sunday that its actions were not part of the “#StopHateforProfit” campaign, but that it is pausing its social ads while talking with civil rights organizations and its media partners about how to stop hate speech online.

  • Starbucks sees up to $2.2 billion hit to third quarter operating income from COVID-19 Jun 10, 2020 07:53 PM IST

    Starbucks sees up to $2.2 billion hit to third quarter operating income from COVID-19

    The world's largest coffee chain said it would permanently close about 400 stores in America over the next 18 months and would cut the number of planned new store openings by half, to about 300 this fiscal year.

  • OYO appoints former Starbucks COO Troy Alstead as independent director May 01, 2020 03:06 PM IST

    OYO appoints former Starbucks COO Troy Alstead as independent director

    As an independent member of the board, Troy will play a supervisory role and provide guidance to the founder and the management on key business decisions, the company said in a statement.

  • Tata Starbucks writes to landlords seeking three-month rent waiver: Report Apr 07, 2020 09:50 AM IST

    Tata Starbucks writes to landlords seeking three-month rent waiver: Report

    The coffee chain wants to reduce fixed operating expenses till consumption in the sector improves

  • McDonald's, Starbucks limit dine-in service in US to slow coronavirus Mar 18, 2020 07:56 AM IST

    McDonald's, Starbucks limit dine-in service in US to slow coronavirus

    The world's largest burger chain said on Monday it would also shut self-service beverage bars and kiosks, as well as its kids area, or PlayPlaces, at the company-owned restaurants.

  • Starbucks sees hit as coronavirus prompts over 2,000 China store closures Jan 29, 2020 08:18 AM IST

    Starbucks sees hit as coronavirus prompts over 2,000 China store closures

    The world's largest coffee chain delayed a planned update - based on strong quarterly earnings results - to its 2020 financial forecast because of the outbreak, which has caused over 100 deaths and over 4,000 confirmed cases in China.

  • Starbucks becomes latest target of Hong Kong protester rage Sep 30, 2019 11:59 AM IST

    Starbucks becomes latest target of Hong Kong protester rage

    Multiple branches were covered with graffiti over the weekend as the city convulsed with some of the most intense clashes between hardcore protesters and riot police in weeks.

  • Starbucks to embark on aggressive expansion plan in India Aug 07, 2019 04:50 PM IST

    Starbucks to embark on aggressive expansion plan in India

    The company had reported a 30 percent top-line growth in fiscal 2018-19, driven by new stores openings and improved performance.

  • Tata Starbucks to expand presence to 2 new cities by year-end Jul 11, 2019 03:22 PM IST

    Tata Starbucks to expand presence to 2 new cities by year-end

    Tata Starbucks operates in eight cities in India, according to the latest annual report of Tata Global Beverage Ltd (TGBL).

  • China's Luckin raises $561million as it hopes to topple Starbucks May 17, 2019 12:26 PM IST

    China's Luckin raises $561million as it hopes to topple Starbucks

    Luckin plans to open 2,500 stores this year and unseat Starbucks as China's largest coffee chain.

  • Starbucks earns billions in free ads from GoT episode: Report May 08, 2019 02:54 PM IST

    Starbucks earns billions in free ads from GoT episode: Report

    It will be difficult to quantify the actual gains anyway.

  • Nestle set to sell first Starbucks coffee under $7.15 billion deal Feb 13, 2019 09:21 PM IST

    Nestle set to sell first Starbucks coffee under $7.15 billion deal

    Nestle will start selling Starbucks labelled coffee beans, roast and ground coffee and single-serve capsules for its Nespresso and Nescafe Dolce Gusto coffee makers.

  • Amazon adds Starbucks' Rosalind Brewer to board Feb 05, 2019 11:01 AM IST

    Amazon adds Starbucks' Rosalind Brewer to board

    Brewer's appointment comes after Amazon last year said it was adopting a new policy to promote diversity on its board.

  • Starbucks sales growth to be steady despite UberEats deal, plans for China expansion Dec 15, 2018 08:37 AM IST

    Starbucks sales growth to be steady despite UberEats deal, plans for China expansion

    Starbucks expects its global same-store sales growth to be between 3 percent and 4 percent annually in the long term.

  • Opinion | What the Starbucks App can teach central bankers Sep 12, 2018 09:11 AM IST

    Opinion | What the Starbucks App can teach central bankers

    The proverbial invisible hand of the market, acting through competitive pressures, will yield far more effective results than heavy-handed price regulation in the payments services market

  • Starbucks' Italian dream comes true, but it is not cheap Sep 06, 2018 11:08 AM IST

    Starbucks' Italian dream comes true, but it is not cheap

    The venue features a green industrial-scale roaster, marble counters, brass engravings and a price that could make many Italians reluctant to make it their regular cafe.

  • Nestle seals deal to market Starbucks coffee Aug 28, 2018 04:10 PM IST

    Nestle seals deal to market Starbucks coffee

    Swiss food giant Nestle, which also produces Nescafe instant coffee, had announced in May it would pay $7.15 billion (6.13 billion euros) for the rights to market Starbucks coffee globally.

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