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Its newly-opened 5,000th store is located in Gwanyang-si, South Korea. Starbucks is planning to expand further in Asia Pacific by opening 400 stores this 2023 after it opened its 5,000th store in the region in South Korea. In a statement, Starbucks said it…
It’s no secret that Starbucks is constantly looking for ways to innovate and stay ahead of the competition. Recently, the global coffee giant has unveiled its newest innovation – an olive oil coffee brew. This new brew has taken the coffee world by storm and…
Starbucks is ramping up its expansion plan in the Asia Pacific region, revealing plans today to open 400 additional stores this year alone. The expansion will include new cities and outside of major metropolitan areas in markets such as Thailand, Indonesia,…
Starbucks plans to open its 100th store in Vietnam in the second quarter of this year, a decade after first coming to the country, and keep expanding further. The U.S. chain now has 87 outlets in seven localities, 50 of them in Ho Chi Minh City. It has over…
Tomorrow, Starbucks Indonesia will open its first Signing Store dedicated to the Deaf, hard of hearing, and sign language communities in Jakarta, Indonesia. Designed with inclusivity and accessibility at its core, customers at the Starbucks Tata Puri…
US coffee chain Starbucks has expanded its footprint into Laos under the partnership with its licensee Coffee Concepts, a subsidiary of Hong Kong-based Maxim’s Caterers. The Laos launch marks Starbucks’ 84th market globally, “reaffirming the company’s…
Starbucks India has opened its first flagship Reserve store in Mumbai, Maharashtra. The 5200sqm Starbucks Reserve Fort Mumbai sells beverages, food and Reserve merchandise, such as black and gold mugs and tumblers with the Starbucks Reserve trademark. The…
Starbucks Tuesday celebrated its 6,000th store in the Chinese mainland, located in downtown Shanghai. Shanghai thus became the first city in the world to have 1,000 Starbucks stores, Starbucks China said. In 2018, Starbucks announced it would have 6,000…
Starbucks Corp projects profits to grow between 15% to 20% per share over the next three years, a significant increase from previous guidance based on spending plans of $2.5 to $3 billion over the same period on technology, new stores and renovations, the…
Starbucks today announced that Laxman Narasimhan will become the company’s next chief executive officer and a member of the Starbucks Board of Directors. Narasimhan will join Starbucks as incoming ceo on October 1, 2022 after relocating from London to the…
Starbucks Thailand has announced an expansion strategy, which calls for opening 30 new coffee shops in Thailand every year until 2024 – 90 in all – according to Bangkok Post. The company claims to be prepared to expand again this year, after sales improved…
Starbucks Vietnam will close its Hanoi outlet after eight years, following the closure of two locations in Vietnam last year. The Starbucks Lan Vien outlet in Hoan Kiem District will operate until June 30, the company said in a Facebook post. Last year, the…
Starbucks has announced a first look into a new drive-thru store, opening on 1 June within a bustling rest stop in Togane City, Japan. The store is the second in Japan to be certified under the Greener Stores Framework, aimed at accelerating the…
Starbucks is selling its cold-pressed juice brand, as the company focuses on its coffee-drink business and improving its stores and relations with its cafe workers under interim Chief Executive Howard Schultz. Fresh-food maker Bolthouse Farms Inc. said it…
Starbucks today announced an integrated partnership with Grab, Southeast Asia’s leading superapp, across six markets, including the Philippines, Thailand, Singapore, Malaysia, Indonesia, and Vietnam. The partnership will provide customers across Southeast…
Starbucks CEO Kevin Johnson is retiring after five years on the job. Howard Schultz will return as interim CEO, once again taking the helm of the coffee chain he elevated to a global brand while the company searches for a long-term successor. This will be his…
