Starbucks

Starbucks to pay $35 mn to NYC workers in settlement amid ongoing strikes

Starbucks will pay about USD 35 million to more than 15,000 New York City workers to settle claims it denied them stable schedules and arbitrarily cut their hours, city officials announced Monday, hours before Mayor-elect Zohran Mamdani and US Sen. Bernie Sanders visited striking baristas on a picket line. The development came amid a continuing strike by Starbucks' union that began last month at dozens of locations around the country. The workers want better hours and increased staffing, and they are angry that Starbucks hasn't agreed on a contract nearly four years after workers voted to unionize at a Buffalo store. Union votes at other locations followed, and about 550 of Starbucks' 10,000 company-owned stores are now unionized. The coffee giant also has around 7,000 licensed locations at airports, grocery stores and other locales. Workers and the company dispute the extent and impact of the strike, but Mamdani, Sanders and some state and city officials sought to amplify the ...

Too early to gauge impact of consumption push, says Starbucks India

Tata Starbucks says macro softness still weighs on sales, even as the chain expands its footprint and reassesses its 1,000-store target amid real estate and market constraints

Boyu Capital seeks around $1.4 billion loan for Starbucks China takeover

Starbucks announced on Tuesday that it will sell a majority stake in its China retail operations, which are valued at $4 billion

Starbucks sells 60% stake in China retail business in $4 billion deal

Starbucks has said it is forming a joint venture with Chinese investment firm Boyu Capital to operate Starbucks stores in China. Under the agreement, Boyu will pay USD 4 billion to acquire a 60 per cent interest in Starbucks' retail operations in China. Starbucks will retain a 40 per cent interest in the joint venture and will own and licence the Starbucks brand. Starbucks entered China almost 30 years ago, and has been credited with growing coffee culture in the country. China is Starbucks' second-largest market outside the US, with 8,000 locations. But in recent years, the Seattle coffee giant has struggled in China with cheap, fast-growing Chinese startups like Luckin Coffee. As a result, Starbucks has been looking for a partner to help it grow its business in China, particularly in smaller cities. In July, Starbucks Chairman and CEO Brian Niccol said the company was evaluating around 20 offers for a stake in the company.

Starbucks workers sue company over unpaid costs tied to new dress code

Starbucks workers in three states took legal action against the coffee giant Wednesday, saying it violated the law when it changed its dress code but refused to reimburse employees who had to buy new clothes. The employees, who are backed by the union organising Starbucks' workers, filed class-action lawsuits in state court in Illinois and Colorado. Workers also filed complaints with California's Labor and Workforce Development Agency. If the agency decides not to seek penalties against Starbucks, the workers intend to file a class-action lawsuit in California, according to the complaints. Starbucks didn't comment directly on the lawsuits Wednesday, but the company said it simplified its dress code to deliver a more consistent experience to customers and give its employees clearer guidance. As part of this change, and to ensure out partners were prepared, partners received two shirts at no cost, the company said Wednesday. Starbucks refers to its employees as partners. Starbucks' n

Gaza boycotts batter American fast-food chains in Malaysia, Indonesia

Starbucks, KFC, Pizza Hut, and McDonald's suffer sales slumps as Gaza war boycotts continue across Asia, boosting local and Palestinian brands

Starbucks struggles to find new identity amid fierce competition in China

The stake sale exercise is underscoring Starbucks' identity crisis in China as it tries to salvage a flagging legacy business amid fierce domestic competition

Starbucks launches free study rooms in China to lure back customers

The rooms are Starbucks's latest initiative in China this year as it tries to revive sales growth amid stiff competition from cheaper local rivals like Luckin Coffee

Starbucks' top China rival Luckin Coffee opens first US stores in NYC

China's largest coffee chain Luckin Coffee opens its first stores in New York with high-quality coffee at affordable prices and mobile-first service

Tata Starbucks denies appointing Dolly Chaiwala as brand ambassador

Tata Starbucks stated on LinkedIn that it did not have any official brand ambassadors in India and specifically clarified that it had not entered into any collaboration with Dolly Chaiwala

Starbucks earnings disappoint as CEO Niccol's strategy hits US roadblocks

Investors have placed their bets on Niccol's turnaround strategy for the brand, whose sales have fallen for four straight quarters

AI advances and layoffs: Is the white-collar job market shrinking?

Unemployment rate for college graduates has risen faster than for other workers in recent years

Starbucks to layoff 1,100 corporate employees as coffee chain streamlines

Starbucks plans to lay off 1,100 corporate employees globally as new Chairman and CEO Brian Niccol streamlines operations. In a letter to employees released Monday, Niccol said the company will inform employees who are being laid off by mid-day Tuesday. Niccol said Starbucks is also eliminating several hundred open and unfilled positions. Our intent is to operate more efficiently, increase accountability, reduce complexity and drive better integration, Niccol wrote in the letter. Starbucks has 16,000 corporate support employees worldwide, but that includes some employees who aren't impacted, like roasting and warehouse staff. Baristas in the company's stores are not included in the layoffs. Niccol said in January that corporate layoffs would be announced by early March. He said all work must be overseen by someone who can make decisions while the the Seattle coffee giant reduces the complexity of its structure and eliminates silos within the company that slow communication. Our si

Starbucks CEO Brian Niccol makes $96 mn in first four months on the job

Niccol's annual pay package is likely to be valued at about $113 million at the time of his hiring, with a large part tied to equity to replace awards from his prior employer that he had to relinquish

Starbucks lead independent director Hobson to step down after two decades

Hobson previously served as the chairwoman of Starbucks from March 2021 to September 2024, making her the only African American woman to chair a Fortune 500 company at the time of her appointment

No coffee, no bathroom: Starbucks ends open-door policy for non-payers

Starbucks CEO Brian Niccol has announced a slew of initiatives to regain loyalty, including simplifying the menu, freezing price hikes, removing extra charges for non-dairy milk, and 4-min delivery

Ratan Tata's birth anniversary: Key milestones in his illustrious career

December 28 marks the birth anniversary of the late Ratan Tata, whose transformative journey as Tata Group's leader played a vital role in shaping India's industrial landscape

More than 5,000 Starbucks workers strike at 300 plus stores across US

The Christmas Eve strike on Tuesday was projected to be the largest ever at the coffee chain, the union added. These strikes are an initial show of strength, and we're just getting started

Starbucks strike to expand to 300 stores on Christmas Eve, says union

Starbucks Workers United, representing employees at 525 stores nationwide, said more than 60 US stores across 12 major cities, including New York, Los Angeles, Boston and Seattle, were shut on Monday

Amazon, Starbucks workers strike, possible Trump link raises questions

Amazon delivery drivers and Starbucks baristas are on strike in a handful of U.S. cities as they seek to exert pressure on the two major companies to recognize them as unionized employees or to meet demands for an inaugural labor contract. The strikes that started Thursday and Friday followed other recent standoffs between corporate America and organized labor. Large and established labor unions secured meaningful employer concessions this year following strikes by Boeing factory workers, dockworkers at East and Gulf coast ports, video game performers, and hotel and casino workers on the Las Vegas Strip. But workers at Starbucks, Amazon and some other prominent consumer brands still are fighting for their first contracts. Amazon refuses to acknowledge the organizing efforts of drivers and warehouse workers many of whom have voted to unionize even though the powerful Teamsters union says it represents them. Starbucks long resisted the unionization of its stores, but had agreed to ..