Starbucks
Starbucks booked $1.3 billion in profit in a Swiss subsidiary over a decade, a new report says.The move appeared to reduce Starbucks’ tax bill in other countries.It’s the latest example of companies using tax havens to avoid tax rates in the US and elsewhere.A little-known Starbucks subsidiary in Switzerland appears…
Starbucks CEO Brian Niccol is trying to turn the brand around.Challenges include fixing long wait times and issues with the mobile ordering system.Retail and marketing experts say his moves are a step in the right direction.When Brian Niccol stepped into the top job at Starbucks in September, he had a…
Starbucks announced on Monday it would be laying off 1,100 corporate employees.The coffee chain also said it would be removing 13 menu items on March 4.Among the menu items disappearing are nine of the chain’s Frappuccino drinks.Starbucks is shaking up its menu, trimming down offerings as part of a wave…
Brian Niccol, Starbucks’ CEO, said the company is considering a large expansion in the Middle East and China.The brand will open 500 new outlets in the Middle East in the next five years, he said.Starbucks’ sales in the Middle East have taken a hit due to boycotts over the war…
Starbucks is in the middle of a turnaround effort.The coffee chain is making changes, including some later this month, aimed at improving sales.Here are the biggest shifts, from more free refills to the end of Starbucks’ open-door policy.Starbucks is starting off 2025 with some big changes.Former Chipotle CEO Brian Niccol…
Starbucks underwent many changes this year, and more are likely coming in 2025.New CEO Brian Niccol will face choices about Starbucks’ unionized stores and its China business.Starbucks faced slumping sales and dealt with activist investors in 2024.Signs that Starbucks needed a turnaround mounted in 2024. It might get one in…
Starbucks’ largest workers’ union announced that it would strike in three major cities on Friday.The Starbucks Workers United union said that stores in Los Angeles, Chicago, and Seattle would participate.The union said it was protesting Starbucks’ unfair labor practices and low wages.Starbucks’ largest workers union announced that it would go…
Starbucks CEO Brian Niccol has talked about improving conditions for baristas.A potential strike at some Starbucks stores represents a test on that front for the new CEO.Niccol has made some operational changes, but Starbucks Workers United wants better pay.Starbucks CEO Brian Niccol has talked about improving working conditions for the…
By Sebin Choi and Hyunsu Yim GIMPO, South Korea (Reuters) – The world’s last Cold War frontier now has a Starbucks cafe in South Korea where customers can get a glimpse through the heavily militarised border into the North, all while sipping a latte. Hundreds showed up on Friday for…
Starbucks’ payment and scheduling system has been hit with a ransomware attack.The coffee company issued guidance for workers about how to handle pay disruptions caused by the outage.The outage at Blue Yonder, which makes the software, also impacted grocery stores and Fortune 500 firms.The software company behind Starbucks’ payment and…
