Starbucks Names Patrick Grismer Chief Financial Officer

SEATTLE–(BUSINESS WIRE)–Oct. 08, 2018 Starbucks Corporation (NASDAQ: SBUX) today announced Patrick Grismer has been appointed executive vice president and chief financial officer (cfo). Reporting to Kevin Johnson, Starbucks president and chief executive officer, Grismer succeeds Scott Maw, who will retire on November 30. Maw will remain a senior consultant through March 2019 to ensure a […]

Nestlé and Starbucks Close Deal for the Perpetual Global License of Starbucks Consumer Packaged Goods and Foodservice Products

VEVEY, Switzerland & SEATTLE–(BUSINESS WIRE)–Aug. 28, 2018 Nestlé and Starbucks Corporation today 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. Through the alliance, the two companies will work closely together on the existing Starbucks range of […]

Starbucks and Alibaba Group Form Strategic Partnership to Transform the Customer Experience in the Coffee Industry in China

Marking a significant milestone for the two companies, Starbucks and Alibaba poised to enable a seamless Starbucks Experience through deepened partnership Starbucks to collaborate across key businesses within the Alibaba ecosystem, including Ele.me, Hema, Tmall, Taobao and Alipay, to significantly elevate the Starbucks Experience for Chinese customers: Announces plans to leverage Ele.me’s on-demand platform to […]

Starbucks Announces Starbucks Reserve Roastery Coming to Tokyo in 2018

Starbucks Coffee Company (NASDAQ: SBUX) today announced it will open a Starbucks Reserve Roastery, Japan, in 2018. Located in the Nakameguro district, an upscale neighborhood known for its exclusive boutiques and art galleries, the Roastery will be a one-of-a-kind retail environment. Designed in collaboration with Kengo Kuma, a world-renowned architect and founder of Kuma Lab […]

Starbucks Elevates Belinda Wong to Chief Executive Officer Starbucks China; Targets 5 000 Stores in Mainland China by 2021

Starbucks Coffee Company (NASDAQ: SBUX) today announced the promotion of Belinda Wong from president to chief executive officer of Starbucks China. Wong has been instrumental in Starbucks unprecedented growth in China – from 400 stores in 2011 to over 2,300 stores today – by leading on the foundational values of Starbucks mission and driving meaningful […]