Starbucks brings in new finance chief as part of turnaround strategy
2 weeks, 6 days ago

Starbucks brings in new finance chief as part of turnaround strategy

Associated Press  

Starbucks named a new chief financial officer on Tuesday as part of a larger turnaround strategy. Cathy Smith, who has been Nordstrom’s CFO since 2023, will join Starbucks in the next month, Starbucks Chairman and CEO Brian Niccol said in a letter to employees. Niccol said Smith brings extensive experience in retail, global operations and corporate turnarounds. Niccol is trying to reinvigorate Starbucks’ sluggish sales with faster service times, a less complicated menu and others moves he says are intended to restore a community coffeehouse feel to the company’s stores.

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Starbucks eliminating 1,100 corporate jobs to speed up turnaround
1 month ago

Starbucks eliminating 1,100 corporate jobs to speed up turnaround

Hindustan Times  

Starbucks Corp. is eliminating 1,100 corporate jobs in a move aimed at increasing efficiency and quickly enacting changes to revitalize the company. Starbucks doesn’t disclose how many corporate workers it has, and the bulk of its employees around the world work in its cafes. “We believe it’s a necessary change to position Starbucks for future success.” Return to Office Starbucks …

Starbucks lays off 1,100 corporate employees
1 month ago

Starbucks lays off 1,100 corporate employees

Associated Press  

Starbucks plans to lay off 1,100 corporate employees globally as new Chairman and CEO Brian Niccol streamlines operations. Starbucks has 16,000 corporate support employees worldwide, but that includes some employees who aren’t impacted, like roasting and warehouse staff. AP AUDIO: Starbucks lays off 1,100 corporate employees as coffee chain streamlines AP correspondent Ed Donahue reports a coffee giant is laying …

Starbucks sacks 1,100 employees globally in streamlining effort
1 month ago

Starbucks sacks 1,100 employees globally in streamlining effort

India Today  

Starbucks plans to lay off 1,100 corporate employees globally as new Chairman and CEO Brian Niccol streamlines operations. Niccol said Starbucks is also eliminating several hundred open and unfilled positions. Starbucks has 16,000 corporate support employees worldwide, but that includes some employees who aren’t impacted, like roasting and warehouse staff. Niccol is also cutting items from Starbucks’ menu and experimenting …

Starbucks lays off 1,100 corporate employees as coffee chain streamlines
1 month ago

Starbucks lays off 1,100 corporate employees as coffee chain streamlines

LA Times  

Starbucks plans to lay off 1,100 corporate employees globally as new Chairman and Chief Executive Brian Niccol streamlines operations. Niccol said Starbucks is also eliminating several hundred open and unfilled positions. Starbucks has 16,000 corporate support employees worldwide, but that includes some employees who aren’t being targeted in the latest round of downsizing, such as roasting and warehouse staff. Southwest …

Starbucks plans corporate layoffs as part of turnaround
2 months ago

Starbucks plans corporate layoffs as part of turnaround

Associated Press  

Starbucks said Friday it plans an unspecified number of layoffs as it restructures its corporate staff. In a letter to employees, Starbucks Chairman and CEO Brian Niccol said the Seattle coffee giant needs to ensure all work has a clear and accountable owner who can make decisions. “I wanted to be transparent about our progress and our plans and ensure …

Starbucks CEO's Vision Sparks Cautious Optimism on Wall Street
4 months, 3 weeks ago

Starbucks CEO's Vision Sparks Cautious Optimism on Wall Street

Live Mint  

Starbucks CEO Brian Niccol's turnaround pitch has received positive feedback from Wall Street analysts. He plans to focus on coffee while being more disciplined with new offerings, slow down new store openings and remodels, and rein in customization. Niccol also vows to bring back ceramic mugs, use Sharpies for personalization, and restore condiment bars.

Starbucks Revamps Cafes and Simplifies Menu, CEO Announces
Trending News
4 months, 3 weeks ago

Starbucks Revamps Cafes and Simplifies Menu, CEO Announces

India Today  

Starbucks CEO Brian Niccol announces plans to revamp its US cafes, focusing on improving comfort, simplifying the menu, and reducing wait times. The company will offer more comfortable seating, ceramic mugs, and a coffee-condiment bar, with an aim to reduce wait times to less than four minutes. Niccol also plans to simplify the menu, remove olive-oil-infused drinks, and focus on …

Starbucks’ new CEO reveals how he plans to turnaround business
6 months, 1 week ago

Starbucks’ new CEO reveals how he plans to turnaround business

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. In an open letter on the Seattle coffee giant's …

Starbucks’ new CEO wants to recapture the coffeehouse vibe
6 months, 2 weeks ago

Starbucks’ new CEO wants to recapture the coffeehouse vibe

Associated Press  

Starbucks’ new chairman and CEO said Tuesday that he plans to focus on improving service – particularly during the morning rush – and reestablishing stores as gathering places as he takes over at the struggling coffee giant. In an open letter on the Seattle coffee giant’s website, Brian Niccol said Starbucks is a beloved brand but that he found during …

Starbucks turns to a celebrity CEO as it struggles to define itself for an era of mobile orders
6 months, 2 weeks ago

Starbucks turns to a celebrity CEO as it struggles to define itself for an era of mobile orders

Associated Press  

To Howard Schultz, the chaos he observed at a Starbucks in Chicago one recent morning summed up the troubles of the company he long led as chairman and CEO. Since he was named Starbucks’ incoming CEO on Aug. 13, Niccol has been visiting U.S. stores, listening to baristas and observing the challenges the brand is facing, Starbucks said. Streamlining Starbucks’ …

Starbucks will give new CEO his own corporate private jet to fly between Seattle and California home
6 months, 3 weeks ago

Starbucks will give new CEO his own corporate private jet to fly between Seattle and California home

Salon  

New Starbucks CEO Brian Niccol won’t be relocating to the company’s Seattle headquarters in anticipation of starting his new role next month. “You agree to commute from your residence to the Company’s headquarters as is required to perform your duties and responsibilities.” As for how Niccol will be traveling, Starbucks is providing him with his own corporate jet to commute …

Starbucks is giving its new CEO a huge pay package and not making him move to Seattle
7 months, 1 week ago

Starbucks is giving its new CEO a huge pay package and not making him move to Seattle

Associated Press  

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 California to Seattle, the home of the global coffee giant. Starbucks announced on Tuesday that Brian Niccol would become its chairman and CEO, taking over from …

What is Starbucks giving its new CEO? $113 million plus option to work remotely
7 months, 1 week ago

What is Starbucks giving its new CEO? $113 million plus option to work remotely

Firstpost  

Starbucks new CEO Brian Niccol’s total compensation of $113 million includes a $10 million sign-on bonus, a $75 million equity grant, and an additional annual grant potentially worth $23 million starting in fiscal 2025 Brian Niccol has been named as the chairman and chief executive officer of Starbucks of August 13. Niccol will receive approximately $113 million in total compensation, …

Chipotle’s CEO turned the beleaguered chain around. Can he do it for Starbucks?
7 months, 1 week ago

Chipotle’s CEO turned the beleaguered chain around. Can he do it for Starbucks?

Salon  

On Tuesday, Starbucks announced that Brian Niccol, the current chief executive officer of Chipotle, has been appointed as the coffee giant’s new chairman and CEO. Like all of us at Starbucks, he understands that a remarkable customer experience is rooted in an exceptional partner experience.” She continued: “Our board believes he will be a transformative leader for our company, our …

Starbucks CEO replaced by Brian Niccol, a fixer who revived Chipotle when the chain was in distress
7 months, 1 week ago

Starbucks CEO replaced by Brian Niccol, a fixer who revived Chipotle when the chain was in distress

Associated Press  

In 2018, when Chipotle was reeling from multiple food poisoning outbreaks that had sickened 1,100 people, the company called Taco Bell CEO Brian Niccol to turn things around. The Seattle coffee giant named Niccol as its new chairman and CEO, hoping he can revive fading sales and re-establish Starbucks as a destination where customers are willing to pay premium prices. …

Starbucks replaces its CEO, names Chipotle chief to head the company
7 months, 1 week ago

Starbucks replaces its CEO, names Chipotle chief to head the company

LA Times  

Starbucks has seen weakened sales and other issues including competition from lower-cost companies in China. The Seattle coffee giant said Brian Niccol, the chairman and CEO of Chipotle, will become Starbucks’ chairman and CEO on Sept. 9. Narasimhan, a longtime PepsiCo executive who has also served as the CEO of Reckitt, a U.K.-based consumer health company, became Starbucks’ CEO in …

It's been a bad month for Starbucks. Ex-CEO Howard Schultz agrees
10 months, 1 week ago

It's been a bad month for Starbucks. Ex-CEO Howard Schultz agrees

Salon  

It’s not been a great month for Starbucks. In their assessment of the two coffee chains, National Restaurant News’ Joanna Fantozzi said that “beyond hard numbers, the two companies have recently taken very different operational strategies.” We need your help to stay independent Subscribe today to support Salon's progressive journalism “Whereas Starbucks has been constantly churning out new menu items …

Former Starbucks CEO Schultz says company needs to refocus on coffee as sales struggle
10 months, 2 weeks ago

Former Starbucks CEO Schultz says company needs to refocus on coffee as sales struggle

Associated Press  

Former Starbucks CEO Howard Schultz says the company’s leaders should spend more time in stores and focus on coffee drinks as they work to turn around flagging sales. In a LinkedIn post published over the weekend, Schultz said many people had reached out to him after Starbucks reported weaker-than-expected quarterly sales and earnings last week. In his post, Schultz said …

Longtime Starbucks leader Howard Schultz steps down from the coffee chain’s board
1 year, 6 months ago

Longtime Starbucks leader Howard Schultz steps down from the coffee chain’s board

Associated Press  

NEW YORK — Longtime Starbucks leader Howard Schultz is stepping down from the company’s board of directors, the coffee chain announced. For its third fiscal quarter ended in July, Starbucks reported record revenue — with same-store sales notably jumping 46% in China, reversing last year’s declines due to COVID restrictions. In recent months, Starbucks and Schultz also came under fire …

New Starbucks CEO plans to work in stores monthly
2 years ago

New Starbucks CEO plans to work in stores monthly

Associated Press  

Starbucks’ new CEO Laxman Narasimhan says he plans to work a half-day shift once a month in one of the company’s stores in an effort to stay close to its culture and customers. Narasimhan, who took the reins as CEO earlier this week, said in a letter to Starbucks’ employees Thursday that he also expects the company’s leadership team to …

From being a polyglot to transforming brands, know all about Starbucks CEO
2 years ago

From being a polyglot to transforming brands, know all about Starbucks CEO

Live Mint  

Weeks ahead of his scheduled takeover of the role, Laxman Narasimhan assumed the role of Chief Executive Officer of Starbucks on Monday. Laxman Narsimhan has replaced company founder Howard Shultz, who had served as the interim CEO since returning in April. 10 points to know about the Starbucks CEO -Laxman Narsimhan completed his Mechanical Engineering from the Colleges of Engineering, …

Starbucks CEO Howard Schultz abruptly steps down early — just days before Senate hearing
2 years ago

Starbucks CEO Howard Schultz abruptly steps down early — just days before Senate hearing

Salon  

Howard Schultz announced on Tuesday that he is stepping down from his post as Starbucks CEO two weeks earlier than his scheduled departure date, resigning just before a hearing led by Sen. Bernie Sanders about the company's union busting next week. Schultz began his third stint as CEO of the company last year when, as workers said, the company brought …

Indian-origin Laxman Narasimhan takes over as Starbucks CEO
2 years ago

Indian-origin Laxman Narasimhan takes over as Starbucks CEO

Hindustan Times  

Indian-origin executive Laxman Narasimhan on Monday officially assumed the role of Chief Executive Officer of global coffee giant Starbucks, joining the growing cohort of business leaders originally hailing from India at the helm of global corporations. Laxman Narasimhan In September last year, Starbucks had announced that Narasimhan would become the company’s next chief executive officer and a member of the …

Starbucks new CEO Laxman Narasimhan takes his seat
2 years ago

Starbucks new CEO Laxman Narasimhan takes his seat

Associated Press  

Starbucks officially has a new CEO. The Seattle coffee giant said Monday that Laxman Narasimhan has assumed the role of CEO and joined the company’s board of directors. Narasimhan succeeds longtime Starbucks leader Howard Schultz, who came out of retirement last spring to serve as interim CEO while the company searched for a new chief executive. Starbucks announced last Septembe …

Starbucks new CEO Laxman Narasimhan takes his seat
2 years ago

Starbucks new CEO Laxman Narasimhan takes his seat

LA Times  

Starbucks officially has a new chief executive. The Seattle coffee giant said Monday that Laxman Narasimhan has assumed the CEO role and joined the company’s board of directors. Narasimhan succeeds longtime Starbucks leader Howard Schultz, who came out of retirement last spring to serve as interim CEO while the company searched for a new chief. Starbucks announced last September that …

Starbucks’ Schultz declines to appear before Senate panel
2 years, 1 month ago

Starbucks’ Schultz declines to appear before Senate panel

Associated Press  

Starbucks’ interim CEO Howard Schutz has declined a request to appear before a Senate committee seeking to question him about the coffee chain’s response to an ongoing unionization campaign at the company’s U.S. stores. The Vermont Independent sent a letter to Schultz earlier this month asking him to appear March 9 for a hearing about the unionization campaign and Starbucks’ …

Starbucks names Indian-origin Laxman Narasimhan as new CEO
2 years, 6 months ago

Starbucks names Indian-origin Laxman Narasimhan as new CEO

Deccan Chronicle  

NEW YORK: Laxman Narasimhan, a veteran in leading and advising global consumer-facing brands, was named CEO of coffee giant Starbucks, joining a growing cohort of Indian-origin business leaders at the helm of global corporations. Narasimhan said: “Ältough it is difficult to leave, it is the right decision for me and my family.” Narasimhan joins a growing list of Indian-origin CEOs …

Starbucks names Indian-origin Laxman Narasimhan as new CEO
2 years, 6 months ago

Starbucks names Indian-origin Laxman Narasimhan as new CEO

Firstpost  

Narasimhan will join Starbucks on 1 October, replacing Howard Schultz, who will continue as interim chief until April 2023. Washington: The coffee giant Starbucks on Thursday named Indian-origin Laxman Narasimhan as its new Chief Executive Officer. Explaining further Hobson said that Starbucks’s board asked Schultz to remain as interim CEO until April 2023 to assist Narasimhan. Narasimhan will assume the …

Starbucks names former PepsiCo executive as new CEO
2 years, 6 months ago

Starbucks names former PepsiCo executive as new CEO

Associated Press  

Starbucks has named a longtime PepsiCo executive as its new CEO. He will work closely with Starbucks’ interim CEO Howard Schultz through April 1, when he will assume the CEO role and join the company’s board. Schultz, a longtime CEO who helped shape Starbucks after buying it in 1987, came out of retirement and assumed the interim CEO job in …

Starbucks names former PepsiCo executive as new CEO
2 years, 6 months ago

Starbucks names former PepsiCo executive as new CEO

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. He will work closely with Starbucks' interim CEO Howard …

Starbucks says Laxman Narasimhan will succeed Howard Schultz as CEO
2 years, 6 months ago

Starbucks says Laxman Narasimhan will succeed Howard Schultz as CEO

LA Times  

Howard Schultz, chief executive of Starbucks and erstwhile presidential hopeful, will step down in April following the hiring of a successor, Laxman Narasimhan. Starbucks tapped Laxman Narasimhan, chief executive of Reckitt Benckiser Group, as its next CEO, choosing a consumer goods veteran to chart a new path after the interim tenure of Howard Schultz. Since coming back to the helm …

Starbucks CEO shuts 16 stores citing safety issues but employees claim he's trying to stop the union
2 years, 8 months ago

Starbucks CEO shuts 16 stores citing safety issues but employees claim he's trying to stop the union

Daily Mail  

Labor leaders trying to organize Starbucks workers in 'woke cities' across the country roasted coffee chain's CEO Howard Schultz, charging that he's started a 'war' against the union by shuttering 16 cafés because they're too dangerous to operate. Pictured are homeless people loitering outside a Starbucks in Seattle, which will also experience closures, the company said In the leaked video …

Starbucks' longtime CEO is back again. This time, things are different
2 years, 11 months ago

Starbucks' longtime CEO is back again. This time, things are different

NPR  

Starbucks' longtime CEO is back again. This time, things are different Enlarge this image toggle caption Jason Redmond/AFP via Getty Images Jason Redmond/AFP via Getty Images Today, a homecoming of sorts at Starbucks. Sponsor Message Union drives have taken off at Starbucks stores across the country Since last year, a wave of union organizing that started in Buffalo, N.Y., has …

Howard Schultz returns to lead Starbucks on interim basis
3 years ago

Howard Schultz returns to lead Starbucks on interim basis

Associated Press  

Longtime Starbucks CEO Howard Schultz is returning to lead the company on an interim basis after the coffee giant’s current chief executive announced his retirement. At the company’s annual meeting Wednesday, board chairwoman Mellody Hobson said Schultz is “singularly qualified” to be the company’s interim CEO. “For a company the size and stature of Starbucks not to have a solid …

Back to Starbucks: Howard Schultz returns as interim leader
3 years ago

Back to Starbucks: Howard Schultz returns as interim leader

Al Jazeera  

‘When you love something, you have a deep sense of responsibility to help when called,’ Schultz, who bought Starbucks in 1987, said on Wednesday. Longtime Starbucks CEO Howard Schultz is returning to lead the company on an interim basis after the coffee giant’s chief executive announced his retirement. In an open letter to Starbucks employees, Johnson, 61, said he told …

Starbucks CEO is stepping down. Howard Schultz returning as interim boss
3 years ago

Starbucks CEO is stepping down. Howard Schultz returning as interim boss

NPR  

Starbucks CEO is stepping down. Howard Schultz returning as interim boss Enlarge this image toggle caption Jason Redmond/AFP via Getty Images Jason Redmond/AFP via Getty Images Amid the great resignation, a big one. Howard Schultz, who led Starbucks for three decades and built the company from 11 stores and 100 employees to 28,000 stores worldwide, will return as interim CEO. …

Starbucks plans ‘significant changes’ to company’s structure
6 years, 6 months ago

Starbucks plans ‘significant changes’ to company’s structure

LA Times  

Starbucks Corp. is planning an organizational shake-up, including corporate layoffs that will start at top levels, as the coffee chain tries to reverse stagnant sales and rekindle investors’ interest. “We must increase the velocity of innovation that is relevant to our customers, inspires our partners, and is meaningful to our business,” Chief Executive Kevin Johnson said in a memo to …

Starbucks’ Schultz mulling ‘philanthropy to public service’
6 years, 9 months ago

Starbucks’ Schultz mulling ‘philanthropy to public service’

Associated Press  

NEW YORK — Starbucks Corp.'s Howard Schultz is stepping down as executive chairman of the coffee company he helped transform into a global brand, and says public service may be in his future. While not addressing the question directly, he told The New York Times on Monday that “for some time now, I have been deeply concerned about our country …

Starbucks brews up growth plan
7 years, 11 months ago

Starbucks brews up growth plan

China Daily  

Starbucks Executive Chairman Howard Schultz speaks at the Annual Meeting of Shareholders in Seattle, Washington on March 22, 2017. The global head of Starbucks said on Tuesday that his group is moving to expand its presence in China, its fastest-growing market, by focusing on premium roastery stores as well as accelerating innovations to appeal to vast numbers of social media …

Starbucks brews up growth plan
7 years, 11 months ago

Starbucks brews up growth plan

China Daily  

Starbucks Executive Chairman Howard Schultz speaks at the Annual Meeting of Shareholders in Seattle, Washington on March 22, 2017. The global head of Starbucks said on Tuesday that his group is moving to expand its presence in China, its fastest-growing market, by focusing on premium roastery stores as well as accelerating innovations to appeal to vast numbers of social media …

Starbucks brews up growth plan
7 years, 11 months ago

Starbucks brews up growth plan

China Daily  

Starbucks Executive Chairman Howard Schultz speaks at the Annual Meeting of Shareholders in Seattle, Washington on March 22, 2017. The global head of Starbucks said on Tuesday that his group is moving to expand its presence in China, its fastest-growing market, by focusing on premium roastery stores as well as accelerating innovations to appeal to vast numbers of social media …

Starbucks CEO stepping down
8 years, 3 months ago

Starbucks CEO stepping down

China Daily  

Howard Schultz, the head of Starbucks, said on Thursday he would step down as CEO of the world's largest coffee business. Schultz, 63, will be succeeded on April 3 by Kevin Johnson, 56, the company's current president and a longtime Starbucks board member. Schultz has said that he wanted to have one new Starbucks every day in China for the …

Starbucks Chairman Howard Schultz Steps Down As CEO
8 years, 3 months ago

Starbucks Chairman Howard Schultz Steps Down As CEO

NPR  

Starbucks Chairman Howard Schultz Steps Down As CEO Enlarge this image toggle caption Ted S. Warren/AP Ted S. Warren/AP Starbucks Chairman Howard Schultz is stepping down as CEO of the coffee chain he joined more than 30 years ago and transformed into a global brand. During a conference call to discuss the announcement, an analyst called Schultz a "master merchant" …

Starbucks brews up big expansion plans
8 years, 4 months ago

Starbucks brews up big expansion plans

China Daily  

Employees serve customers at a Starbucks store in Fuzhou, Fujian province. ZHENG SHUAI/For China Daily CEO believes the company's business in China will someday exceed that in US Starbucks CEO Howard Schultz has made no bones about his ambition in China－to have one new Starbucks every day in China for the next five years. Howard Schultz, Starbucks CEO Provided to …

Starbucks brews up big expansion plans
8 years, 4 months ago

Starbucks brews up big expansion plans

China Daily  

Employees serve customers at a Starbucks store in Fuzhou, Fujian province. ZHENG SHUAI/For China Daily CEO believes the company's business in China will someday exceed that in US Starbucks CEO Howard Schultz has made no bones about his ambition in China－to have one new Starbucks every day in China for the next five years. Howard Schultz, Starbucks CEO Provided to …

Starbucks' US job creation fund will build factory, create 150 jobs
13 years ago

Starbucks' US job creation fund will build factory, create 150 jobs

Firstpost  

Starbucks Chief Executive Howard Schultz has in the past year urged other CEOs to take a bigger role in the United States’ economic revival and commit to creating jobs. Seattle: Starbucks Corp said on Wednesday it would spend $180 million on US factories, creating 150 manufacturing jobs, and that it would get into the $8 billion US energy drink market …

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