Coffee Chain

Today, the stock market showed a mixed performance, with the Dow Jones Industrial Average gaining over 70 points, while the S&P 500 and the Nasdaq indices experienced a slight dip amid ratings cut for the U.S. by Fitch Ratings. Despite the overall positive performance of the Dow, the S&P...

Reliance Industries, owned and led by India's richest man Mukesh Ambani, has now set its eyes on Starbucks with its entry into the coffee segment after launching the country’s first Pret A Manger outlet. What Happened: Earlier this week, the British sandwich and coffee chain...

Starbucks Corporation (NASDAQ: SBUX) said it is launching a “transformational innovation” in the form of coffee infused with a spoonful of cold-pressed extra virgin olive oil. What Happened: The Seattle-based coffee chain said the new line of coffee would be called Oleato and is set to...

Starbucks Corporation (NASDAQ: SBUX) employees from over 100 stores went on strike on Thursday to protest what they believe is illegal retaliation against their union organizing, reported Reuters. The workers said they are underpaid and don't have consistent schedules. The employees are also...

Starbucks Corporation (NASDAQ: SBUX) was reportedly sued by eight unionized employees of a South Carolina store who complained that the coffee chain threw false accusations against them. What Happened: The coffee chain’s employees filed the lawsuit in a South Carolina...

Starbucks Corporation (NYSE: SBUX) is going all out to ward off store workers from unionizing, according to a Wall Street Journal report from Wednesday. This comes in the wake of concerted efforts by store workers to unionize — seeking to negotiate better wages,...

Starbucks Corp’s (NASDAQ: SBUX) is not running out of supplies in cups and coffee, the coffee chain’s CEO Kevin Johnson told CNBC on Thursday.  What Happened: Johnson told CNBC the coffee chain was facing operational challenges elsewhere, in bakery case, but dismissed a Wall...

Starbucks Corp (NASDAQ: SBUX) on Tuesday named company veteran John Culver as its new chief operating officer replacing Roz Brewer, who left the company in January to become CEO of Walgreens Boots Alliance Inc (NASDAQ: WBA). What Happened: Culver, who has been with the coffee chain since 2002...

While shares of Starbucks Corp. (NASDAQ: SBUX) fell almost 2% in Tuesday’s extended trading session amid worries about the company’s international growth, Cowen Equity Research said the world’s largest coffee chain continues to be its favorite U.S. “reopening” stock....

The world’s largest coffee chain Starbucks Corp’s (NASDAQ: SBUX) customer visitation is expected to go back to pre-COVID-19 levels for when the vaccine is widely available, according to a survey conducted by Cowen Equity Research. The Starbucks Analyst: Cowen analyst Andrew Charles has...

Chinese coffeehouse chain Luckin Coffee Inc – ADR (OTC: LKNCY) has agreed to pay a $180 million penalty to settle charges of accounting fraud, the U.S. Securities and Exchange Commission said Wednesday. What Happened: The Associate Director of the SEC’s Division of Enforcement,...