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...The move by the machinists comes after a labour coalition tried to advance a board slate at Starbucks, where hundreds of coffee shops have unionised in recent years....
...Starbucks has been targeted with a boycott of its coffee shops after a union representing some of its employees, Starbucks Workers United, posted “Solidarity with Palestine!”...
...A US labour union group has ended a campaign for board seats at Starbucks, citing progress on contract negotiations at the coffee company ahead of its annual shareholder meeting next week....
...In an open letter published at the end of last year, the company’s chief executive Laxman Narasimhan said Starbucks stores “have experienced incidents of vandalism” in cities around the world, including...
...But workers failed to sign an employment contract with Starbucks amid allegations of illegal firings and trademark infringement.The union called the agreement a “significant step forward” and said the coffee...
...“The development of the infrastructure here, the growing consumer base and the widespread adaptation of technology translate to a prime opportunity for bolstering Starbucks stores.”...
...Starbucks has won support from the influential proxy advisory firm ISS in its fight with the union-backed activist fund that has waged a proxy fight at the coffee company....
...Starbucks has won support from an influential proxy advisory firm in its fight with the union-backed activist fund that has waged a proxy fight at the coffee company....
...Luckin Coffee, China’s answer to Starbucks, has more than 16,000 stores earning sales of $3.5bn last year....
...Yet sales slowed over the three-week period ending November 19, which coincided with a temporary labour walkout at 200 stores on “Red Cup Day”, a popular promotion when the company gives out reusable coffee...
...Starbucks shares jumped the most in more than three years as solid US consumer demand helped the coffee chain report forecast-beating results....
...Peers are expanding their network rapidly, with rival Mixue hitting 36,000 stores....
...Efficiency gains, forecast to be $3bn over the next three years, should give the company room to hit sales and earnings targets. Starbucks’ food offerings provide another hedge against a slowdown....
...There is a famous story about Starbucks that is often cited during discussions of governance: at board meetings, there is an empty chair to represent the interests of the coffee giant’s employees....
...The social media bio of coffee shop chain Stars Coffee, which supplanted Starbucks, aptly reads “the bucks have left, but the stars remained”....
...Howard Schultz is stepping down from the board of Starbucks with immediate effect, the coffee chain announced on Wednesday....
...The company, which sees opportunities in south-east Asia as well as further domestic growth prospects, opened its first store in South Korea in 2023. Heytea launched in New York in December....
...Comparable store sales rose 10 per cent globally in the company’s third quarter, missing forecasts for 11.8 per cent....
...Starbucks reported record revenues and profits beat analysts’ expectations in the coffee chain’s latest quarter, helped by higher prices for its beverages and a recovery in the Chinese market....
...Comparable sales, a key metric for the company, for the coffee chain’s international operations were up 7 per cent from a year ago in the December quarter....
...Japan’s trio of convenience store groups have fought each other on multiple fronts, with each increasing and improving their offerings of coffee, fast food, pre-prepared meals, drugs and exclusive goods....
...The jeweller has made its books and magazines available for everyone to read, along with a free coffee, at pop-up kiosks in China....
...Other companies are starting from the opposite end of the coffee life cycle: with spent grounds....
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