Starbucks raises price of brewed coffee in most US stores

USA - Starbucks Corp has raised prices for brewed coffee by an average of 1 to 2% in the past year and according to the company, it was in line with industry practices, reported ET Retail. Some of the products affected included a regular drip coffee whose price rose by 10 cents to 20 cents…

Arla Foods signs strategic partnership with Starbucks

UK – Arla Foods, a global dairy company and co-operative, has signed a strategic partnership with Starbucks, a successful business partnership that allows Arla Foods to manufacture, distribute and market Starbucks premium milk-based ready-to-drink (RTD) coffee beverages for the EMEA region (Europe, Middle East and Africa.) According to the company, the two companies have signed…

Starbucks CEO steps down, considers to run for presidency

USA - Starbucks Corp. has announced that its long-serving CEO Howard Schultz has resigned as executive chairman effective June 26, according to a memo sent to employees Monday. Bloomberg cited Schultz had earlier said he would step down as CEO and turn that job over to Kevin Johnson and that he was considering a presidential…

Starbucks and other roasters to serve coffee with acrylamide cancer warnings

USA - A California judge has ruled that coffee sellers and vendors in the state have to serve coffee with acrylamide cancer warnings; these include bigger coffee makers such as Starbucks. According to the judge Elihu Berle’s ruling, Starbucks and other coffee makers did not show that the risk from consuming acrylamide, a possible cancer-causing…

Nestlé pays Starbucks US$7.1b for rights to sell coffee and products globally

SWITZERLAND - Nestlé has announced an agreement granting the company perpetual rights to market Starbucks consumer and foodservice products globally, outside of the company’s coffee shops. Starbucks will receive an up-front cash payment of US$7.15 billion for a business which generated annual sales of US$2 billion, as part of the transaction agreement. According to the…

Starbucks keen to go beyond coffee into food in India

INDIA - India has become the largest market in Asia in terms of food sales for Starbucks, the world’s biggest coffee retailer, its chief executive officer said. Tata Starbucks, the 50:50 joint venture between Starbucks Coffee Company and Tata Global Beverages in India, wants to increase its food play in the country by micro-localising cuisines,…

Starbucks reports 2% sales increase in Q4 2017 financial results

USA - Starbucks Corporation has reported financial results for its fourth quarter and 52-week fiscal year ended October 1, 2017, recording a global comparable store sales increase of 2%, which was driven by a 2% increase in average ticket and a 1% increase in transactions. According to the company, the sales increased up 3% excluding…

Unilever acquires Tazo tea brand from Starbucks for US$384m

USA – Unilever has entered a definitive agreement with beverages major Starbucks to acquire the assets of the Tazo brand including its signature recipes, intellectual property and inventory for US$384 million. Following the transaction, Starbucks will drive a single tea brand strategy, focusing on its super premium tea brand, Teavana, with the aim of furthering its growth…

Starbucks expects India to be among its top 5 markets globally

INDIA - Starbucks, the world’s largest coffee retailer said it expects India to be among the top five businesses without giving a timeline. This is despite the Indian unit posting its slowest sales growth last fiscal after it slowed down expansion. “We are excited on the opportunities that India plays for Starbucks going forward. Today,…