Culture
Starbucks workers to strike in 40 cities, targeting ‘Red Cup Day’
Unionised Starbucks baristas are launching a wave of walkouts on Thursday (Nov 13), a work stoppage they say could grow to become their…
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starbucks
Culture
US lawmakers urge Starbucks CEO to restart union talks
Twenty-six US senators and 82 House representatives have written to Starbucks chief executive officer Brian Niccol, urging the company to…
Culture
Chinese banks edge out global rivals in financing Boyu Capital’s Starbucks China deal: sources
Ping An Bank, Industrial Bank, and China Minsheng Banking are set to arrange a seven-year syndicated loan of about US$1.4 billion Chinese…
Culture
Carlyle, EQT, HongShan among final bidders for Starbucks China: sources
Global investment firms Carlyle Group and EQT, alongside regional players HongShan Capital Group and Boyu Capital, are preparing final…
Culture
Starbucks China valued at about US$5 billion by bidders, sources say
Most of the bidders seeking to buy a portion of Starbucks’ China operations have submitted offers valuing the business at as much as US$5…
Culture
Starbucks China reportedly valued at about US$5 billion by bidders
Most of the bidders seeking to buy a portion of Starbucks’ China operations have submitted offers valuing the business at as much as US$5…
Culture
Starbucks’ Malaysia operator posts record loss on Gaza conflict
Berjaya Food’s net loss has more than tripled to RM292 million for the financial year The operator of Starbucks in Malaysia saw its net…
Culture
Starbucks throttles operations at US coffee plants to curb costs
The Starbucks plants that roast and package the company’s coffee beans in the US are cutting two days of weekly production as part of…
Culture
Starbucks plans kiosks to cut long lines at airport locations
Starbucks is working on adding ordering kiosks to busy locations in the US that cater to on-the-go customers. The Seattle-based coffee…
Business
Wall Street Circles Starbucks as China Deal Heats Up--Tech Giants and PE Titans in Bidding War
Starbucks (NASDAQ:SBUX) is quietly making moves in Chinaand Wall Street's watching. The coffee giant has invited a dozen heavyweight…
Culture
Starbucks CEO details brand reset plan as turnaround efforts drive sales beat
STARBUCKS reported better-than-expected revenue rise for the third quarter, as demand in China improved while investments in labor and…
News
Starbucks Profit Drops, but Leaders Say Turnaround Is Working
Faster coffee. More baristas. More seating. Despite headwinds from higher coffee prices and tariffs on certain products, Starbucks is…
News
Starbucks to Lay Off 1,100 Corporate Workers
Starbucks is laying off 1,100 corporate employees, its chief executive said in a letter to workers on Monday, marking the coffee chain’s…
Culture
Starbucks cuts 1,100 corporate jobs in bid to speed turnaround
STARBUCKS is eliminating 1,100 corporate jobs in a move aimed at increasing efficiency and quickly enacting changes to revitalise the…
Culture
Malaysia Starbucks franchise holder triples loss on boycotts
BERJAYA Food’s hundreds of Starbucks’ subsidiary outlets across Malaysia contributed to the company’s fifth straight quarterly loss after…
Fashion
Starbucks CEO made US$96 million in first four months on the job - The Business Times
Starbucks paid new chief executive officer Brian Niccol about US$96 million for four months of work last year, one of the biggest…
Lifestyle
Parental leave is looking up for Americans
Parental leave in the U.S. could be reaching a turning point as major employers revise their provisions for expecting families. Why It…
Fashion
Starbucks workers expand strike in US cities, including New York
STARBUCKS workers have expanded their strike to four more US cities, including New York, the union representing over 10,000 baristas said…
Style
Is Dunkin' Cheaper Than Starbucks?
Ever find yourself standing in line, coffee in hand, wondering if your wallet would be happier at Dunkin’ or Starbucks? You’re not alone.…
Fashion
Starbucks Red Cup giveaway gives coffee chain much needed jolt
STARBUCKS’s holiday-themed cups drove a bigger spike in customer visits than in previous years, a welcome boost for a brand that’s looking…
Culture
Starbucks workers to get only 60% bonus on worst year since 2020
MANY Starbucks corporate workers are only getting 60 per cent of their overall bonuses for the company’s most recent fiscal year due to…
Fashion
Starbucks using pen and paper to track pay after vendor hack
STARBUCKS said a ransomware attack at a third-party software supplier has disrupted its system for tracking employee schedules, forcing…
Fashion
Starbucks is said to consider selling stake in Chinese business
STARBUCKS is exploring options for its Chinese operations including the possibility of selling a stake in the business, according to…