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19 hours ago · Starbucks was founded in 1971 by Jerry Baldwin, Zev Siegl, and Gordon Bowker at Seattle's Pike Place Market.During the early 1980s, they sold the company to Howard Schultz who—after a business trip to Milan, Italy—decided to convert the coffee bean store into a coffee shop serving espresso-based drinks.
2 days ago · Starbucks, struggling with weak demand and disgruntled investors, said Tuesday that CEO Laxman Narasimhan is stepping down after a little more than a year in the job, to be replaced by Chipotle's ...
19 hours ago · Starbucks' incoming CEO could make well in excess of $100 million in his first year with the company under an incentive-laden contract, and he will not be required to relocate from his home in ...
1 day ago · Starbucks may also introduce new drink options to draw customers into stores, analysts say. Currently, cold coffees, teas and lemonades make up a higher percentage of sales than hot coffee but ...
2 days ago · Starbucks unveiled an abrupt leadership change on Tuesday: Brian Niccol, a high-profile name in the restaurant industry, is taking the reins, after months of weak sales at the coffee giant and a ...
2 days ago · Narasimhan began leading Starbucks in March 2023 and presided over a significant decline in the company’s stock price. The coffee chain’s stock fell 22% as the S&P 500 rise more than 36% ...
1 day ago · Newly appointed Starbucks Corp. Chief Executive Officer Brian Niccol won’t be required to relocate to the company’s headquarters in Seattle when he joins the company next month.