Starbucks
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Starbucks sells US$4B majority stake in Chinese retail operations to Boyu Capital, eyes massive expansion
Under the joint venture, Boyu will hold up to 60% of Starbucks’ China retail business, while Starbucks retains a 40% stake and continues to own and license its brand and intellectual property.
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Starbucks returns to comparable store sales growth with 1% global increase in Q3 2025
Consolidated net revenues for the fiscal third quarter reached US$9.6 billion, representing a 5% increase year-over-year.
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Starbucks creates 8,000 new assistant manager roles to strengthen store leadership across North America
The assistant manager role aims to improve daily operations, enhance team coaching, and deliver a superior customer experience.
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Starbucks names Ningyu Chen as interim CTO as Deb Hall Lefevre resigns amid tech transformation
Deb Hall Lefevre, who came to Starbucks in May 2022 after spearheading digital transformation at McDonald’s, has concentrated on advancing mobile ordering, drive-thru innovation, and digital engagement.
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Starbucks announces closure of around 400 company-operated stores as part of US$1B restructuring initiative
The stores slated for closure are mainly underperforming locations or cafés where the company cannot provide the desired customer experience or achieve a viable path to profitability.
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Starbucks expands its presence in Peru with two new outlets at Jorge Chávez Airport, Huánuco
This prime location offers travelers added convenience while strengthening Starbucks’ brand presence in one of Peru’s busiest transit hubs.
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Starbucks rolls out AI technology to revolutionize inventory management across North American stores
The system uses advanced image recognition and machine learning to monitor inventory levels with exceptional speed and precision.
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Starbucks reports US$558.3M Q3 FY25 net earnings, representing 47% year-on-year decline
Profit margins during the period were also affected by operating pressures, including inflation, rising labor costs, and supply chain disruptions.
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Starbucks begins reviewing majority stake offers for Its China business amid growing investor interest
This adjustment reflects the strategic importance of the Chinese market to Starbucks and the significant appetite from investors seeking exposure to the region’s expanding coffee sector.
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Starbucks launches Green Dot Assist: Generative AI virtual assistant to support baristas in real time
The AI assistant delivers instant, conversational replies, allowing staff to quickly access the information they need during their shifts without having to search through manuals or internal networks.