353 stories in this topic
In a creative move, Starbucks has teamed up with Mandopop sensation Jay Chou to introduce a unique ‘Fantasy’ Summer Experience throughout the Asia Pacific. This novel initiative includes exclusive beverages, limited-edition merchandise, and music-themed…
Starbucks has announced ambitious plans to open up to 100 outlets annually in India, marking an accelerated expansion in one of the company’s most rapidly growing global markets. Sushant Dash, CEO of Tata Starbucks, emphasized the potential for significant…
Starbucks is setting its sights on India, one of its fastest-growing markets worldwide, with plans to launch up to 100 stores per year. The renowned coffee chain, despite coffee being a less popular choice than tea in India, sees substantial potential for…
Following public disapproval over a marketing campaign, Starbucks Korea, operated by Shinsegae Group, has announced it will close all stores across the country at 3pm on June 22 for employee training related to historical awareness and social sensitivity. The…
Starbucks, the prominent Seattle-based coffee chain, is contemplating various strategies concerning its Japanese operations, which could potentially involve selling its stake in the region. This business decision could garner attention from other industry…
Shinsegae Group, a major food corporation in South Korea, has terminated the employment of Starbucks Korea’s chief after a marketing campaign sparked widespread controversy on the commemoration of historical pro-democracy protests. Shinsegae, the South Korean…
Starbucks is testing an innovative feature, ChatGPT beta, which allows customers to explore and customize their drinks through interactive prompts. This latest feature, which was rolled out this week, provides consumers with personalized beverage…
Starbucks recently finalised a significant strategic transaction with Boyu Capital, effectively transferring majority control of its China-based operations to the investment firm. Initiated back in November, this strategic move is designed to stimulate the…
Starbucks has inaugurated a new outlet at the peak of Fansipan, making it the highest Starbucks branch in Asia. Location and Significance Positioned 3063 meters above sea level, the store is a part of the Sun World Fansipan Legend tourism complex in Sa Pa,…
Starbucks, the renowned coffee chain, is fast-tracking global expansion plans that extend beyond fiscal year 2028. The company considers China as the bedrock of its long-term development strategy, notwithstanding the increasingly competitive landscape and…
Starbucks has unveiled a novel concept store at the Hong Kong Palace Museum in West Kowloon, positioned as a serene oasis amidst the hustle and bustle of the city. Store Design and Art Collaborations The store showcases unique design collaborations with three…
In the first quarter of fiscal 2026, Starbucks has announced a robust revenue of US$9.9 billion, pointing towards a general expansion in sales and steady growth of its worldwide store chain. Global Sales Progress Comparable store sales on a worldwide level…
Nespresso has unveiled an expansion to its Vertuo range which now includes Starbucks coffee capsules. This marks a pivotal moment as it is the first instance of Starbucks’ blends being incorporated into the Vertuo system. The new additions to the lineup…
Japanese-themed full-service café chains are accelerating their proliferation across India and Southeast Asia. They are banking on the allure of their high-end atmosphere and Japan-centric menus to the emerging middle and upper-class consumers in these…
Starbucks has finally shown a surge in comparable sales growth, marking the first increase in nearly two years. This promising development suggests the early success of the renowned coffee company’s turnaround strategy. Turnaround Indicators The fourth…
Boyu Capital, a private equity firm from China, is leading the race to acquire a majority stake in Starbucks’ China operations, a deal that could potentially value the unit at over US$4 billion. Boyu Capital remains in the bid after the final contender,…