Starbucks Offer
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 sells 60% stake in China retail business in $4 billion deal")
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 CEO Brian Niccol makes $96 mn in first four months on the job")
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
 "More than 5,000 Starbucks workers strike at 300 plus stores across US")
Starbucks baristas, customers urge new CEO to bring changes in company
Baristas complain about what they say are chronic understaffing and poor pay and benefits, and their inability to easily ban aggressive customers from Starbucks stores
Starbucks baristas, customers urge new CEO to bring changes in company
Baristas complain about what they say are chronic understaffing and poor pay and benefits, and their inability to easily ban aggressive customers from Starbucks stores
In China Starbucks tries to avoid price war, gets drawn into discounting
The stakes are high for Starbucks, which has come under growing pressure from investors recently due to weaker sales in its two biggest markets - the United States and China
 "In China Starbucks tries to avoid price war, gets drawn into discounting")
Brewing at Tata Starbucks: Double-digit growth, premium store, masala chai
In the Asia Pacific, Starbucks has 142 Reserve stores
 "Brewing at Tata Starbucks: Double-digit growth, premium store, masala chai")
Are you a coffee lover? Grab any Starbucks drink for just Rs 100 today
Starbucks across India will be offering coffee for just Rs 100 for a day to celebrate the launch of its 100th outlet
 "Are you a coffee lover? Grab any Starbucks drink for just Rs 100 today")
