Latest News, Updates & Breaking Headlines
What helped build Howard Schultz’s Starbucks as we know it today. Image credit – Wikimedia Sometimes, small moments become turning points in building empires. Agree? This is the story of how a single espresso in Milan changed the way Americans drink coffee forever.The year was 1983, when Howard Schultz, during his visit to Milan, Italy,…
Starbucks has reportedly announced job cuts in its technology teams. According to an internal communication sent to employees (seen by The Seattle Times), the company noted that it is laying off staff as part of a restructuring of its technology organisation. This week, the company informed the laid-off employees that the report noted. There had…
MUMBAI: Call it a fad or not, but brands are pushing protein-infused products into retail shelves-many Indians whose regular diets lack sufficient doses of protein are increasingly becoming health-conscious and companies are sniffing an opportunity here. Think about McDonald’s protein slices to go with burgers, local startup Phab’s protein bhel bars, or ITC’s high protein…
Starbucks said on Friday it appointed an Indian national Anand Varadarajan as its new Chief Technology Officer, effective January 19. The move supports CEO Brian Niccol’s push for a tech revamp in stores to make labour more efficient. Varadarajan will replace Deb Hall Lefevre, who stepped down in September, after which Starbucks named Ningyu Chen…
Starbucks, one of the world’s biggest coffee chains, has finally agreed to hand over about $35 million to more than 15,000 New York City workers after claims that shifts were slashed without warning and schedules kept in constant flux. The announcement landed on Monday, just hours before Mayor-elect Zohran Mamdani and US Senator Bernie Sanders…
US multinationals are increasingly aiming to derisk from China amid souring trade ties. Complaints about red tape and favoritism mask a harsher truth: China’s market is brutally competitive and local rivals are winning.When Starbucks opened its first store in Beijing in 1999, it wasn’t just selling coffee; it was selling Western aspirations to China’s rising…
Starbucks is laying off around 900 non-retail employees and shutting some stores in the US and Canada as part of a broader turnaround strategy, the company announced on Thursday, AP reported. Employees whose roles are being eliminated will be informed early Friday, while the closures will be rolled out in the coming days.The Seattle-based coffee…
Luckin Coffee, the Chinese coffee chain that overtook Starbucks as the country’s largest coffee chain, is now aiming for the US market with an app-driven business model. According to a DailyMail report, the company opened its first American store in New York in May this year and has already expanded to five different locations across…
