Tag: Starbucks

Starbucks appoints Patrick Grismer as CFO
Global

Starbucks appoints Patrick Grismer as CFO

Starbucks Corporation said today that Patrick Grismer has been appointed executive vice president and chief financial officer (cfo). Reporting to Kevin Johnson, Starbucks president and chief executive officer, Grismer succeeds Scott Maw, who will retire on November 30. Maw will remain a senior consultant through March 2019 to ensure a […]

Starbucks, Nestle wraps up license deal
Global

Starbucks, Nestle wraps up license deal

Nestlé and Starbucks Corporation have finalised the agreement which will grant 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 the existing Starbucks range of roast and ground […]

Nestle inks deal to sell Starbucks products
Big Business Global

Nestle inks deal to sell Starbucks products

Swiss foods giant, Nestle said it has entered a perpetual agreement to market Starbucks consumer and foodservice products globally, outside of the company’s coffee shops. This transaction will see Nestle take major leadership in the premium roast and ground and portioned coffee businesses. Nestlé said it will accelerate growth in […]

Starbucks extends license of Maxim’s Caterers into Singapore
Global

Starbucks extends license of Maxim’s Caterers into Singapore

Starbucks Coffee Company has extended the license of Maxim’s Caterers Limited into Singapore. The company is its long-time strategic partner, a restaurant operator of multiple brands across Asia. Under the agreement, Maxim’s Caterers will operate Starbucks operations in Singapore. The move further accelerates Starbucks operations in this important market and […]

Starbucks to shut down 379 Teavana retail stores
Global

Starbucks to shut down 379 Teavana retail stores

Starbucks said in its second quarter result that it will shut down 379 Teavana retail stores as a result of their persistent underperformance. Starbucks said the decision is a strategic review of the Teavana store business, the company concluded that despite efforts to reverse the trend through creative merchandising and new […]

Starbucks acquires all stake in Chinese unit
Global

Starbucks acquires all stake in Chinese unit

Starbucks, the world’s largest coffee restaurant said it is consolidating its presence in China through its acquisition of the remaining 50% share of its in the local unit. The company is East China business from long-term joint venture partners, Uni-President Enterprises Corporation and President Chain Store Corporation for approximately $1.3 billion in cash consideration […]