Starbucks has had a tough time in China recently. The company has been outsmarted in growth by its Chinese competition while a struggling Chinese economy has dealt a double blow. As China recovers, its consumers will be more likely to pay more for premium coffee. That’s where Starbucks’ recent hiring, the new Chief Growth Officer…
BEIJING (Reuters) – Starbucks China has appointed its first Chief Growth Officer (CGO), Chinese media outlet Late Post reported on Tuesday. The media outlet said the company has hired Tony Yang, former partner and president of digital marketing firm Tezign, to the role. The U.S. coffee giant and Tezign did not immediately respond to Reuters’…
Executives of those companies scoff at all this. Many say they now struggle to justify investing in the country and talk instead of cutting staff. In a recent survey by the American Chamber of Commerce in Shanghai, less than half of respondents said they were optimistic about the prospects for their business in China over…
Starbucks now offers access to delivery powered by DoorDash through its own app. As of Monday (Nov. 11), customers across the United States and Canada (excluding Quebec) can order delivery through the Starbucks app, the company said in a Tuesday (Nov. 12) press release. Starbucks customers can also continue to order delivery through the DoorDash…
In This Story Despite a yearslong effort to curb China’s technological advances, a top Microsoft (MSFT+0.54%) executive is warning that the country is not as far behind as the West might think. How AI is helping advertisers pinpoint exactly what we want Microsoft president Brad Smith said in an interview with CNBC (CMCSA0.00%) that “in…
(Reuters) -Chipotle Mexican Grill on Monday named interim boss Scott Boatwright as permanent CEO of the burrito chain, months after Brian Niccol exited the role to take the top job at Starbucks. In a surprise announcement in August, Starbucks named Niccol as its new CEO, leaving the burrito chain under Boatwright, who has vowed to…
Good morning, Quartz readers! HERE’S WHAT YOU NEED TO KNOW Donald Trump won the presidency. Here’s what that means for everything from tariffs to immigration. Sales of Novo Nordisk’s blockbuster weight loss drug Wegovy continue to soar Wall Street was exuberant at the Republican’s win. Markets soared the day after the election was called. One…
Berkshire Hathaway Chairman and CEO Warren Buffett in 2016.Photo: Lacy O’Toole/CNBC/NBCU Photo Bank/NBCUniversal (Getty Images) In This Story Warren Buffett’s Berkshire Hathaway (BRK.A-2.13%) grew its cash pile to a record $325.2 billion in the third quarter. That’s enough to buy some of the biggest companies in the world — with cash to spare. The ‘smart…
Starbucks headquarters at Starbucks Center on July 3, 2024 in Seattle, Washington.Image: David Ryder (Getty Images) Starbucks (SBUX) has warned its corporate staff that failing to work in the office three days a week could lead to termination. The mandate is part of the coffee chain’s “standardized process,” set to launch in January, according to…
Starbucks will stop charging extra for dairy alternatives. In recent months, the coffee giant’s higher prices have scared away some of its occasional customers. The change goes into effect Nov. 7. The change will save some U.S. customers more than 10 % on their drinks. Source link