Japanese coffee chain % Arabica has opened its first branch in South Korea, continuing its expansion in Asia. The store is % Arabica’s 125th worldwide, following initial launches in Bali and Taiwan in August 2022. The coffee shop is located at Starfield Library, one of the well-known tourist spots in the most expensive area in …
Shultz has spoken openly about Starbucks losing its way in recent years, which I took as a slight to previous CEO Kevin Johnson. Johnson earlier succeeded Howard Schultz as CEO, having previously served as the company’s president and chief operating officer from 2015 to 2017. On 16 March 2022, Johnson announced that he would step …
HOWARD SHULTZ SAYS STARBUCKS LOST ITS WAY, BUT WILL GET BACK ON TRACK Read More »
“Era of We” is an autological term – it is what it implies, a new era of coffee, ignited by Löfbergs as the first roaster, but to be an inclusive yet performance-driven community. It’s tempting to release a news story quickly and be the first to break it, but after seeing Löfbergs press release, I …
MARTIN LÖFBERG TALKS TO NICK BASKETT ABOUT “ERA OF WE” Read More »
Analysis Laxman Narasimham has been named the new CEO of Starbucks. A former long-time employee of the consulting firm McKinsey and later an employee of Pepsi, where he helped close a distribution deal with Starbucks, Mr Narasimham has a track record you can count on. His recent role in the turnaround of Reckitt, the British …
Starbucks has recently closed two more unionised locations, one in Seattle and one in Kansas City. Starbucks Workers United claims it is an act of retaliation, similar to a series of closures that took place in July. The coffee chain giant denies the allegation and states business and safety reasons for closing the said stores. …
STARBUCKS UNION CLAIMS CLOSURE OF 2 STORES AN ACT OF RETALIATION Read More »
Fracino, a multi-awarded coffee machine manufacturer, has reported that burglars almost stripped the company’s warehouse of its contents from late Tuesday night to early Wednesday morning, according to the BBC and local news reporters. The Birmingham-based coffee machine manufacturer reported a loss of at least £300,000 (US$352,000), with some news sources reporting a loss of …
£300,000 WORTH OF COFFEE MACHINES STOLEN FROM WAREHOUSE Read More »
Analysis In quite a surprising announcement on August 18th, John Culver, the Chief Operating Officer of Starbucks, announced that he would transition to become an advisor to the CEO and then leave the business at the end of the calendar year. The COO is often seen as an essential role in larger organisations, where operational …
JOHN CULVER, COO OF STARBUCKS ANNOUNCES ROLE WILL DISAPPEAR AS HE PLANS EXIT Read More »
Reborn Coffee has completed a successful initial public offering on NASDAQ (REBN), raising $7.2 million, of which the company will retain about $6.9 million after paying fees. I dug through the statutory filings on the NASDAQ website – most of the details discussed in this article can be found in this public IPO filing. I …
REBORN COFFEE RAISES $7.2M ON NASDAQ, WITH NOTHING NEW EXCEPT MAGNETIZED WATER? Read More »
Starbucks in Russia has recently been reopened as Stars Coffee by pro-Putin rapper Timati and restaurateur Anton Pinskiy. The pair acquired the rights to the coffee chain in Russia previously owned by Starbucks and operated by its licensee Alshaya Group of Kuwait. Timati and Pinskiy attended the launch of the first of the 130 cafes …
COPYCAT ‘STARS COFFEE’, TAKES OVER STARBUCKS LOCATIONS IN RUSSIA Read More »
While Starbucks’ sales in China fell 44%, according to the company’s latest report, Luckin Coffee has gained ground, reporting an impressive 72% jump in net revenue in the latest quarter that ended in June. According to Reuters, the lift in revenue has given the company its first quarterly operating profit and sets the stage for …
LUCKIN COFFEE FIRST QUARTERLY PROFIT LAYS FOUNDATION FOR RETURN TO U.S. MARKET Read More »
Analysis Starbucks is performing well in key markets, with the exception of China, where the world’s largest coffee chain is having to rethink its strategy due to poor results. But as anyone who follows TikTok’s army of Starbucks influencers can attest, it’s not the cappuccinos or the flat whites that attract customers; it’s the cold …
STARBUCKS Q3 RESULTS BEAT ESTIMATES, BUT IT’S NOT THE CAPUCCINOS! Read More »
Lucky Ace International Ltd., the exclusive franchise holder of the Japanese coffee store % Arabica in Greater China, is aiming to raise $300 million to fund its expansion and has reached out to possible investors for the round, according to a Bloomberg report. Lucky Ace was valued at $800 million to $900 million in its …
% ARABICA IN CHINA SEEKS $300M INVESTMENT AT $1.2B VALUATION Read More »
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