The coffee giant Starbucks on Thursday (local time) named Indian-origin Laxman Narasimhan as its new Chief Executive Officer. Narasimhan will join Starbucks on October 1, replacing Howard Schultz, who will continue as interim chief until April 2023. The 55-years-old, Indian man has served as chief executive of the maker of Lysol and Enfamil baby […]
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McDonald’s, Starbucks, PepsiCo, Coca-Cola suspend business in Russia
US beverage giants PepsiCo and Coca-Cola, along with fast food major McDonald’s and coffeehouse chain Starbucks all announced on Tuesday that they were temporarily suspending their business in Russia in response to the country’s invasion of Ukraine. “Given the horrific events occurring in Ukraine, we are announcing the suspension of […]
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Starbucks latest to say it will pause social media ads on Facebook
Starbucks is the latest company to say it will pause social media ads after a campaign led by civil rights organisations called for an ad boycott of Facebook, saying it doesn’t do enough to stop racist and violent content. Starbucks said on Sunday that its actions were not part of […]
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‘Not charity, defying stereotypes’: Starbucks, home of $4 latte, moving to poor areas
Starbucks has a point to prove: There’s more to the company than selling $4 lattes to rich people. The Seattle-based coffee giant that has cultivated a reputation for being socially responsible said Thursday it is expanding its effort to put more coffee shops — and create more jobs — in […]