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Starbucks and Closed Loop Partners to develop recyclable, compostable cup solution

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“Our store partners proudly pour sustainably sourced coffee in our 28,000 locations around the world, but everyone wants to take our ability to serve it sustainably to the next level,” said Colleen Chapman, vice president of Starbucks global social impact overseeing sustainability. “No one is satisfied with the incremental industry progress made to date, it’s just not moving fast enough. So today, we are declaring a moon shot for sustainability to work together as an industry to bring a fully recyclable and compostable cup to the market, with a... Read More »

Starbucks ceo Kevin Johnson Unveils Innovative Growth Strategy at 2018 Annual Meeting

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Johnson began the meeting highlighting the trajectory of the business over the past five years and the foundation that has been laid to accelerate the company’s next wave of growth. In his remarks, he offered tribute to the heritage of the founder-inspired company and highlighted both the power of the iconic brand and the strategic vision set to fuel the company’s future. “No retailer is better positioned to meet the changing needs of today’s consumer, as expectations of convenience and community redefine what it takes to be a successful and... Read More »

Starbucks Enters Licensing Agreement with SouthRock to Drive Next Wave of Growth in Brazil

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Starbucks Coffee Company (NASDAQ: SBUX) today announced that it has entered into an agreement with SouthRock – a leading multi-brand restaurant operator in Brazil – to fully license Starbucks retail operations in the country. The agreement provides SouthRock the rights to develop and operate Starbucks® stores in Brazil. By leveraging its strong market knowledge in commercial real estate, marketing and operations, SouthRock plans to drive long-term growth in a way that creates new opportunities for Starbucks customers and employees, both in exis... Read More »

Pretty in Pink: New Teavana Tea Lattes Debut in Canada and Europe

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In Canada, customers can enjoy four new Teavana tea lattes, including the Canadian exclusive Teavana™ Blossoming Rose Tea Latte, with a sprinkle of pink floral crystals. In select stores in Europe, customers can enjoy three new Teavana tea lattes, including the market exclusive Teavana™ Red Apple Rooibos Tea Latte, topped with apple blossom dust. The new tea lattes join Starbucks portfolio of tea beverages in stores around the world, including shaken iced teas and brewed teas. Customers in the United States can enjoy a variety of tea lattes ... Read More »

Inside the new Starbucks Reserve SODO store

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On Tuesday, these doors has opened for the first time, inviting visitors to take a journey of discovery with small-lot Starbucks Reserve™ coffees and Princi food. This location is the first of the company’s new Reserve store concept, introducing a marketplace-style environment to showcase its premium Starbucks Reserve brand. The café, located on street level of Starbucks corporate headquarters in Seattle, was created to offer a mingling of public and private. A place where Starbucks partners and visitors can relax in a leather lounge chair n... Read More »

Starbucks named one of the World’s Most Ethical Companies

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Since 2007, Ethisphere has recognized companies who demonstrate achievements in transparency, integrity, business ethics and compliance, and act as drivers to influence positive change in the business community and societies around the world. Companies are evaluated in several categories: reputation, leadership and innovation; ethics and compliance program; governance; corporate citizenship and responsibility; and culture of ethics. In 2018, only 135 companies were recognized, spanning 23 countries and 57 industries worldwide. Starbucks is o... Read More »

‘Anything is possible’: Mentor Monday brings young people, advisers together

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At the White Center event, dozens of mentors and mentees gathered around tables in the community room of the Starbucks store and spilled out into the café area. Every 15 minutes for almost two hours, pairs rotated to give mentees a chance to connect with professionals from a host of areas. At the end of one table, Jack Pines, 49, was talking to two young men. “I’m here to tell you anything is possible,” said Pines, a software engineer who was able to build a successful career despite not having a bachelor’s degree. He credits much of his suc... Read More »

Starbucks named fifth most admired company worldwide

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Starbucks is the only traditional brick-and-mortar retail business to be included in the top 10 list. The rankings, which Fortune has published since 1983, are compiled by surveying thousands of executives and securities analysts about the corporate reputations of about 1,500 companies — the 1,000 largest U.S. companies ranked by revenue, along with non-U.S. companies in Fortune's Global 500 database with revenues of at least $10 billion. The selection was narrowed down according to the highest-revenue companies in each of 52 industries — a ... Read More »

Unilever to acquire TAZO® brand from Starbucks

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Under the asset purchase agreement, Unilever will acquire the TAZO® brand and all related intellectual property, signature recipes and inventory for US$384 million. The transaction represents a multiple of 10 times pro forma EBIT. TAZO® had sales of US$112.5 million over the past year*. Founded in 1994, TAZO® has a strong position in Specialty Black, Green and Herbal teas, as well as liquid concentrates focused in the Chai Latte segment. The fast-growing specialty tea segment makes up 48% of the total US$1.6 billion (FY 2016) at-home tea cat... Read More »

Starbucks Announces Q4 and Fiscal Year 2017 Results Conference Call

Inside A Starbucks Corp. Location Ahead Of Earnings Figures

The conference call will be webcast, including closed captioning, and can be accessed on the company’s website: http://investor.starbucks.com. A replay of the webcast will be available on the company’s website until end of day Saturday, December 2, 2017. About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with more than 25,000 stores around the globe, Starbucks is the premier roaster and retailer of specialty coffee in the world. Through our unwav... Read More »

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