Starbucks

Laxman Narasimhan Steps In As Starbucks' Chief Executive Officer

Starbucks has announced that Laxman Narasimhan has assumed the role of chief executive officer and will join the company’s board of directors.

GFSI Conference 2023 Will Be 'Best Edition Yet'

Food safety leaders from around the world will descend on Atlanta, USA, from 24-27 April 2023 for the annual GFSI Conference.

Retailers And Consumer Goods Firms Pledge Support For Türkiye And Syria

Retailers and consumer goods firms have stepped up their efforts to support aid organisations in the wake of the humanitarian crisis in Türkiye and Sy...

Starbucks Corp Says Sales Drop In China Impacted Profits

Starbucks' quarterly sales decline in China was four times worse than the coffee chain expected and it has no "line of sight" into when business...

Starbucks To Expand US Delivery Via DoorDash Nationwide By March

Starbucks has expanded its U.S. partnership with DoorDash Inc, betting that its customers will still be willing to pay more to have their high-end drinks d...

Starbucks Projects Profit Growth From Tech, Stores, Workers Spending

Starbucks Corp projects profits to grow between 15% to 20% per share over the next three years, a significant increase from previous guidance.

Former Reckitt Boss Narasimhan Named New Starbucks CEO

Laxman Narasimhan may have no experience of running coffee shops, but the outgoing CEO of British packaged goods group Reckitt will bring insight into the...

Starbucks Beats Profit Estimates Despite Hit To China Business

Starbucks Corp has beaten quarterly profit estimates as higher prices and strong demand for its coffees in the United States helped offset a hit to busines...