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USA – The world’s leading coffee giant, Starbucks has announced that it is committing US$100 million in a new investment firm, Valor Siren Ventures I L.P. (VSV) to support growth of food and retail startup companies. The new venture fund will partner with startup technology companies with a goal to grow the next generation of…
SOUTH AFRICA – Taste Holdings, the local licensee for Starbucks, has halted its ambitious expansion plans due to high operating costs and tight customer budgets, reports Business Day. Taste Holdings has so far opened 12 Starbucks outlets across Johannesburg, Pretoria and Durban and had hoped to have 45 stores open by 2020 – with a peak…
PUERTO RICO – The Hispanic Federation, Nespresso, The Rockefeller Foundation, Starbucks, TechnoServe and World Coffee Research, have all made a commitment to support smallholder coffee farmers in Puerto Rico. The Hispanic Federation, together with actor Lin-Manuel Miranda and his family, have announced the launch of a five-year initiative to revitalize Puerto Rico’s coffee sector. According…
INDIA - Delhi based coffee firm SardarBuksh has agreed to change its name after the Delhi High Court ruled that its name rhymed with that of the American coffee company, Starbucks. SardarBuksh will run its business under the trademark Sardarji-Bakhsh, even though its logo, which like Starbuck's is a circle of green and black with…
SWITZERLAND - Nestlé and Starbucks Corporation have announced the closing of the deal granting Nestlé the perpetual rights to market Starbucks Consumer Packaged Goods and Foodservice products globally, outside of the company’s coffee shops. According to Nestle, the two companies will work closely together on the existing Starbucks range of roast and ground coffee, whole…
USA – The American coffee company and coffeehouse chain Starbucks has released its new plant-based Starbucks Protein Blended Cold Brew on menus nationwide, for customers looking for a new way to refuel. According to the company, the new beverages are offered in Almond and Cacao and are available at participating Starbucks stores across the U.S…
CHINA - Starbucks Coffee Company, a multinational coffee company, and Alibaba Group Holding Ltd., a Chinese multinational e-commerce company, have announced a strategic “New Retail” partnership to expand market service. According to Starbucks, the partnership will enable a seamless Starbucks Experience and transform the coffee industry in China. Starbucks announced plans to pilot delivery services…
USA – Starbucks, an American coffee company and coffeehouse chain, will open its first Signing Store in the U.S. in Washington, D.C. this October, building upon ongoing efforts to connect with the diverse communities it serves. According to the company, the store will create a distinctive retail experience for all customers, while offering a unique…
INDIA - Tata Starbucks, a joint venture between the Tata Group and the American coffeehouse chain Starbucks has posted its first positive EBITDA after sales increased by 28%, almost doubling in the financial year 2018. According to ET Retail, improved sales were attributed to strong performance in in-store and new stores that were added this year.…
USA - The American coffee company, Starbucks Corp has said it will eliminate single-use plastic straws from its coffeehouses globally by 2020 and in return offer recyclable strawless lids and alternative-material straws, like paper or compostable plastic. The coffee chain which operates more than 28,000 coffeehouses is seeking to remove about 1 billion plastic straws…