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Zus Coffee Eyes Major Expansion with 200 New Outlets in Southeast Asia Company Targets Multi-National Growth in 2024 Malaysia’s prominent coffee chain, Zus Coffee, is set to make a significant impact on the Southeast Asian market by launching 200 new outlets…
A delivery driver has won $50 million in a lawsuit after being seriously burned when a Starbucks drink spilled in his lap at a California drive-through, court records show. A Los Angeles County jury found Friday for Michael Garcia, who underwent skin grafts…
Patricia Marques, formerly the chief of Starbucks Vietnam for over 11 years, has been named the CEO of beverage chain operator Phuc Long Heritage. Marques has made an appearance at of Phuc Long’s recent events, and is introduced on the website of Masan Group,…
Many corporate workers at U.S. coffee chain Starbucks will get just 60% of their total bonuses for the 2024 fiscal year amid the company’s first annual sales decline since 2020. The coffee giant’s poor performance in the fiscal year, which ended on September…
Starbucks Korea plans to open a new location near the border between South Korea and North Korea, with a view into the latter country. The outlet will open on Nov. 27 on the second floor of the Jogang Observatory in Gimpo, Gyeonggi Province, South Korea,…
Brian Niccol, who became Starbucks’ CEO earlier this month, has named Molly Liu the sole chief of the coffee chain’s China operations after her one-year tenure as co-CEO. Bloomberg reported, citing a post on Starbucks’ WeChat channel, that the management…
As Starbucks faces stiff competition for its brew in China from fast-growing, low-cost rivals who have chipped into its market share, the coffee chain is increasingly being dragged into a price war it says it wants to avoid. The stakes are high for Starbucks,…
Starbucks Coffee Company has announced Triple Shot Reinvention with Two Pumps – a long-term growth plan for brand elevation, global expansion, and cost efficiency. The company described the strategy as the “next step in the re-founding of the company” to…
Starbucks Vietnam celebrated its 10-year journey in the country with the grand opening of the 100th store in Lotte Mall West Lake in Hanoi on Saturday. Located in a new entertainment and shopping complex in Hanoi, the 100th store is designed to pay homage to…
Apple Pay has arrived in Vietnam, enabling users to make contactless money transactions through an iPhone or Apple Watch. Vietnam is the third country in Southeast Asia to allow Apple Pay after Malaysia and Singapore. Several lenders such as MB Bank and…
Chinese regulators in financial hub Shanghai summoned three firms including Starbucks and Shake Shack earlier this week for collecting excessive personal information, the city’s cyberspace regulator said on Wednesday. The regulators urged these firms to…
Starbucks Coffee Korea, which experienced a slowdown in sales growth last year, is seeking new ventures to secure a fresh growth engine. The company held a board meeting in late March and revised its articles of association to include 65 additional business…
Starbucks Corp beat Wall Street estimates on Tuesday for quarterly profits, powered by a sharp recovery in business in China, but shares fell about 6% in after-hours trading after the company did not lift its 2023 guidance. With most of China’s COVID-19 curbs…
Starbucks customers have taken to social media to share their experiences with the coffee chain’s new slate of olive oil-infused drinks, and, for some, the picture is not so pretty. On March 16, a post titled “Olive oil drinks…” was added to the subreddit…
As part of its continued expansion in the market, Coffee Concepts (Laos) Limited, Starbucks operating licensee in Laos, today announced the opening of its second store in View Mall in the capital city, Vientiane. Following the opening of its first location in…
Starbucks and Samsung used the strategy to increase sales. Enhanced customisation helped in driving sales growth of some brands in 2022, Euromonitor International said in its latest study. More than 49% of global digital consumers aged 15 to 29 said they are…
