U.S. judge allows lawsuit over missing fruit in Starbucks drinks to proceed

20-Sep-2023 - The Starbucks Group is facing a customer lawsuit in the U.S. because a range of fruit drinks contained flavorings instead of the fruit that gave them their names. A judge in New York ruled that the names and actual contents could be misleading to consumers. Judge John Cronan pointed out that the ...

Starbucks Unveils Olive Oil Coffee Drinks

24-Feb-2023 - Coffee chain Starbucks Corp. announced the launch of a new line of coffee drinks infused with olive oil. Starbucks Oleato coffee beverages are making their debut on Wedenesday in Italy, followed by Southern California in the United States this spring. Later this year, select markets in Japan, the ...

50 years of Starbucks

From Seattle storefront to café empire

25-Mar-2021 - With nearly 33,000 stores, Starbucks is by far the largest coffee shop chain in the world, but it all started very small. Three college friends, united by their love of good coffee, opened a small shop in Seattle on March 30, 1971. They thus created - quite unknowingly - the basis for a company ...

Starbucks commits $100 million as cornerstone investor in Valor Siren Ventures I

22-Mar-2019 - Starbucks Corporation (NASDAQ: SBUX) today announced its pioneering investment in the new Valor Siren Ventures I L.P. (VSV), which will serve as a growth driver for the next generation of food and retail start-up technology companies. Managed by Valor Equity Partners, a leading growth-focused ...

Starbucks Not Planning To Launch Cannabis-drinks

25-Jan-2019 - Coffee giant Starbucks Corp. is not planning to offer cannabis-infused drinks anytime soon, CNBC reports. Despite several coffee shops across the U.S. coasts advertising coffee drinks with CBD oil, Starbucks CEO Kevin Johnson has said that the company does not plan on launching its own version of ...

Starbucks Plans To Cut 350 Corporate Jobs

14-Nov-2018 - Starbucks Corp. said that it plans to cut 350 corporate jobs across areas including marketing, creative, product, technology and store development. This is about 5% of the company's global, non-retail workforce. The cuts come after months of consideration about how to get the company back to ...

Nestlé and Starbucks close deal

29-Aug-2018 - Nestlé and Starbucks Corporation today announced the closing of the deal granting Nestlé the perpetual rights to market Starbucks Consumer Packaged Goods and Foodservice products globally, outside of the company’s coffee shops. Through the alliance, the two companies will work closely together on ...

Starbucks and Alibaba Group Announce Partnership to Transform the Coffee Experience in China

02-Aug-2018 - Starbucks Coffee Company (“Starbucks”) and Alibaba Group Holding Ltd. (“Alibaba”) today announced a deep, strategic “New Retail” partnership that will enable a seamless Starbucks Experience and transform the coffee industry in China. Collaborating across key businesses within the Alibaba ...

Starbucks Chief Financial Officer Scott Maw to Retire

29-Jun-2018 - Company has initiated search for cfo to help lead company into next phase of growth Maw will remain in role through November and support transition of new cfo Starbucks Corporation today announced that Scott Maw, executive vice president and chief financial officer, is retiring effective Nov.30, ...

Coffee farming adapts in the face of climate change

25-Jun-2018 - If Felix Monge looked at his coffee farm solely as a business, he might be tempted to switch careers. With temperatures increasing and rainfall unpredictable, it’s much more difficult than it used to be to coax coffee from the rolling green hills of his farm, Finca Guadalupe, south of the Costa ...