In a statement, Luckin Coffee Inc founder and CEO Qian Zhiya stated, it is in the process of expanding its business into vending machines that sell freshly brewed hot beverages and snacks, as it seeks to corner even more of… Read More ›
Starbucks
Starbucks recalls 263,000 coffee presses due to deep puncture wounds hazard: U.S. Consumer Product Safety Commission
Starbucks had made the coffee presses in partnership with Bodum. They were sold in Starbucks cafes and on its website from Nov. 2016 through January 2019. As per a statement from the U.S. Consumer Product Safety Commission, Starbucks Corp is… Read More ›
Starbucks launches all-day cafe in China
The effort, aimed at expanding its foothold in the highly competitive Chinese market, will see Starbucks competing with local Chinese startups, including Luckin Coffee. On Friday, Starbucks Corp stated it will be launching a new all-day dining cafe in China… Read More ›
Starbucks looks to triple its stores in China in the next 5 years
Starbucks is hoping the cost synergies in its deal with Nestle will enable it to mitigate the pressures of fighting waves of small boutique coffee stores in the U.S. and China. Feeling the pressure in its home market, Starbucks Corp… Read More ›
Nestle agrees to pay $7.15 billion in royalties to Starbucks to reinvigorate its coffee business
Nestle’s stratgic alliance with Starbucks underscores the fact that it is not shy to partner with its peers midst fast changing market conditions. On Monday, in a strategic move aimed at creating a global coffee alliance, Swiss food giant Nestle… Read More ›
Starbucks to hire 10K refugees from 75 countries spread across 5 years
Initially, those who have acted as support staff for U.S. troops stationed abroad are likely to be recruited. Two days after U.S. President Donald Trump issued his executives order which banned refugees from certain countries, Starbucks Corp’s CEO, Howard Schultz… Read More ›
