Business
Starbucks beats Q1 global comparable sales estimate as demand rebounds
Comparable sales rose 4% in North America, marking their first gains in nearly two years Starbucks reported a bigger-than-expected rise in…
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starbucks
Business
Inside Starbucks’ supply struggles: AI glitches, scattered suppliers and sandwich shortages
The coffee chain’s various problems include inaccurate automated counting, ancient computers Four Starbucks CEOs over five years have…
Business
Starbucks reports CEO Brian Niccol earned US$31 million in 2025
Starbucks chief executive officer Brian Niccol total compensation was US$31 million in fiscal 2025, a decline from the previous year when…
Business
Starbucks Malaysia operator sees business rebound after boycotts
The company is also preparing to expand in Nordic countries, where it has the rights to the brand The operator of Starbucks in Malaysia…
Business
Boyu Capital considers bringing Tencent, GIC into Starbucks China deal
Boyu Capital is considering bringing in Tencent Holdings, GIC and potentially others as limited partners in its acquisition of a stake in…
News
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…
Business
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…
Business
Starbucks sells 60% stake in China unit to Boyu for US$4 billion
Starbucks is selling a majority stake in its China unit to private equity firm Boyu Capital for US$4 billion to help accelerate its…
Business
Starbucks to sell control of China business to Boyu Capital in US$4 billion deal
The chain has implemented measures such as reduced prices for select non-coffee beverages and an accelerated introduction of new localised…
Business
Starbucks to sell control of China business to Boyu, aims for rapid growth
The coffee chain has been credited with creating the market for coffee in China after entering in 1999 Starbucks said that it would sell…
Business
Starbucks sales rebound globally, coffee prices bite margins
Global prices for raw arabica beans are up more than 20% this year after soaring 70% in 2024 Starbucks posted on Wednesday (Oct 29) that…
Business
Starbucks, Burger King overhaul China strategies
The coffee giant has positioned itself as a premium coffee brand in China since entering the market in 1999 STARBUCKS and Burger King are…
Business
Starbucks to close stores, cut 900 jobs in US$1 billion restructuring
The company says its overall store count will drop by 1% during the 2025 fiscal year Starbucks said it will close stores and eliminate 900…
Business
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…
Business
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…
Business
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…
Business
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…
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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…
Business
Starbucks struggles to find a new identity in cutthroat China
When a group of private equity investors and Chinese technology companies were asked for ideas on how they would revive Starbucks’s…
Business
Starbucks struggles to find a new identity in cut-throat China
When a group of private equity investors and Chinese technology companies were asked for ideas on how they would revive Starbucks’s…
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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
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…
Business
Starbucks opens free study rooms in China to lure back customers
Starbucks has launched free “study rooms” in some of its China outlets, the company’s latest initiative to help boost consumer traffic as…
Business
Starbucks draws interest for controlling stake in China unit
Starbucks has received proposals from prospective investors in its China business, most of whom are eyeing a controlling stake in the…