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Starbucks
Starbucks suspends guidance for FY2025 amid sales slump, CEO calls for major changes
Starbucks suspends guidance for FY2025 amid sales slump, CEO calls for major changes

Starbucks has halted its financial guidance after releasing results that revealed a decline in revenue and a drop in quarterly earnings.

Finance
Starbucks acquires UK licensed business partner 23.5 Degrees
Starbucks acquires UK licensed business partner 23.5 Degrees

Starbucks Coffee is expanding its portfolio of company-operated stores with the acquisition of 23.5 Degrees.

Mergers & Acquisitions
Starbucks expands global coffee innovation network to tackle climate challenges
Starbucks expands global coffee innovation network to tackle climate challenges

Starbucks is expanding its global coffee innovation network to support farmers and address the challenges of climate change.

Sustainability
Starbucks appoints John Elliott as VP of technology for EMEA
Starbucks appoints John Elliott as VP of technology for EMEA

Starbucks has appointed John Elliott, the former chief technology officer of Sainsbury’s, as VP of technology for the EMEA region.

Appointments
AlShaya's stake sale talks for Starbucks franchise on hold, says Reuters
AlShaya's stake sale talks for Starbucks franchise on hold, says Reuters

According to Reuters, the AlShaya Group has paused its efforts to sell a minority stake in its Starbucks franchise.

Coffee
SSP secures first Bulgarian contract to manage dining at Sofia Airport
SSP secures first Bulgarian contract to manage dining at Sofia Airport

SSP Group has secured a contract with SOF Connect, the operator of Sofia Airport, to manage 12 new outlets at the airport.

Business
Starbucks opens first store in Ecuador
Starbucks opens first store in Ecuador

Starbucks has opened its first store in Ecuador, as part of its continued expansion across Latin America and the Caribbean (LAC).

Foodservice
Chipotle chief Brian Niccol named Starbucks chairman and CEO
Chipotle chief Brian Niccol named Starbucks chairman and CEO

Starbucks has announced the appointment of Brian Niccol as its new chairman and CEO, effective 9 September 2024.

Appointments
Starbucks appoints new president of Latin America and the Caribbean
Starbucks appoints new president of Latin America and the Caribbean

Starbucks has appointed Ricardo Arias-Nath as its new president of its Latin America and Caribbean division.

Appointments
Zamp acquires Starbucks brand rights and stores in Brazil for BRL 120m
Zamp acquires Starbucks brand rights and stores in Brazil for BRL 120m

Brazilian restaurant group Zamp has agreed to purchase the rights to operate the Starbucks brand and some stores in the country.

Mergers & Acquisitions
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