Starbucks News

Videos

New Starbucks CEO Brian Niccol’s Big, Fat Pay Package

Starbucks has announced a substantial compensation package for its incoming CEO, Brian Niccol. The coffee giant is set to provide Niccol with an estimated total compensation of $113 million, signalling the high cost of attracting top-tier talent for corporate turnarounds. Watch!

15 Aug 2024
Videos

Israel-Hamas War Leaves McDonald’s, Starbucks Bruised; Boycott Calls Damage Sales | Watch

McDonald’s is the latest major American brand to report that boycott calls on social media and elsewhere have had a serious impact on its sales. The boycott calls were given by Palestinian groups after Israel attacked Gaza following the October 7th Hamas attacks on the country, in which hundreds of Israeli civilians lost their lives. Calls to boycott brands which are seen as supportive of Israel have been gaining ground. Dominoes, Starbucks, and Burger King are some of the other brands which have reported the adverse impact of the call on sales. Watch.

8 Feb 2024
Videos

Brewing Fortunes: How Starbucks Became India’s Coffee Bank | Mint Explains

In a country known for its vibrant streets and aromatic spices, Starbucks has become more than just a coffee shop—it’s a financial powerhouse. With revenue of INR 2,240 crores ($300 million) in 2022, a significant portion came from selling gift cards and stored-value goodies. Customers essentially deposit money with Starbucks, which is then owed back in the form of coffee, snacks, or merchandise. With a staggering INR 1,200 crore ($160 million) in deposits, Starbucks utilizes the funds to expand its presence, engage customers with tempting treats and merchandise, and embrace digital innovation. It’s a caffeinated financial success story!

4 Aug 2023
Companies

Tata Starbucks enters into six new cities in India. Details here.

The cities it will open its new outlets in are Siliguri, Nashik, Guwahati, Thiruvananthapuram, Goa and Bhubaneswar

1 min read6 Jan 2022
News

Starbucks cafe’s covid outbreak spared employees who wore masks

With health authorities around the world still debating the evidence around face masks, the 27-person cluster linked to the air-conditioned coffee outlet in the South Korean city of Paju adds more support for their mandatory use to help limit the spread of the Covid-19-causing virus

2 min read25 Aug 2020
Companies

Starbucks opens first drive-thru outlet in India

The store is located on the Ambala-Chandigarh Expressway and adds to the 187 outlets that the brand has

1 min read9 Jul 2020
News

Amid pandemic, Starbucks to resume dine-in services in seven Indian cities soon

Stores will operate with 50 per cent seating capacity to allow for social distancing between customers and employeesTata Starbucks has also introduced new safety and hygiene measures inside stores, which includes mandatory temperature checks and facial coverings for customers among others

1 min read29 Jun 2020
Companies

Starbucks says it will pause social media ads ’to stop spread of hate speech’

Coffee-selling giant Starbucks is the latest company to say it will pause social media adsFacebook’s market value dropped on Friday by more than 8 per cent, or about USD 50 billion, as more companies said they would pause ads

1 min read29 Jun 2020
News

Starbucks to pause advertising on all social media platforms

The company will ’have discussions internally and with media partners and civil rights organizations to stop the spread of hate speech’, it said in a statement

1 min read28 Jun 2020
Industry

Starbucks and Paytm offer diners a contactless experience

Starbucks will be deploying Paytm’s digital ordering solution across 180 stores in India

1 min read23 Jun 2020
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