Tag: Coffee

Business

Howard Schultz Urges CEOs to Stay Connected With Customers Post-Retirement

Howard Schultz, despite retiring from Starbucks’ board two years ago, continues to visit stores and engage directly with customers. The founder stresses that curiosity and firsthand observation remain crucial for effective leadership according to his recent LinkedIn interview.

Former Starbucks Leader Maintains Customer Connection

Howard Schultz, who retired from the board of directors at Starbucks two years ago, continues to demonstrate his commitment to firsthand customer engagement, according to reports from his recent interview. The company founder reportedly visited stores this week to gather direct feedback on new menu items, including the recently launched protein lattes.

by Natalie Brooks
BusinessMergers and Acquisitions

Carlyle and Boyu Lead Bids for Starbucks China Stake in $4 Billion Deal

Carlyle Group and Boyu Capital have emerged as frontrunners to acquire a majority stake in Starbucks’ China operations, according to sources familiar with the matter. The potential deal values the China business at approximately $4 billion as Starbucks seeks local expertise to navigate increasing competition.

Private Equity Giants Compete for Starbucks China Stake

Private equity groups Carlyle Group and Boyu Capital are reportedly the leading contenders to acquire a majority stake in Starbucks’ China business, according to sources close to the negotiations. The US coffee chain is seeking a local partner to help navigate an increasingly competitive market in China, where domestic competitors like Luckin Coffee have challenged its dominance.

by Darren Holt