Starbucks

‘No Work After 6 PM’: Former Starbucks CEO Laxman Narasimhan’s Interview Goes Viral

14 Aug 2024

Starbucks announced on Tuesday that Laxman Narasimhan has stepped down as CEO after just 16 months in the role, effective immediately. The decision follows a period of declining financial performance and internal conflicts over labor issues within the company. Brian Niccol, the current CEO of Chipotle, has been appointed as...

Starbucks Replaces CEO Laxman Narasimhan With Chipotle’s Brian Nichol

13 Aug 2024

In a surprising move, Starbucks announced on Tuesday that it is replacing its CEO Laxman Narasimhan after just 16 months. The decision follows dissatisfaction with Narasimhan's performance and a significant drop in sales. Reasons for the Change Narasimhan, who joined Starbucks from Reckitt Benckiser in London, faced challenges in addressing...

Starbucks Trims Sales Forecast Amid Sluggish Demand In US, China

01 May 2024

Starbucks recently saw a drop in sales at stores that have been open for a while, marking the first time this has happened in nearly three years. Because of this, the company has adjusted its expectations for how much money it will make this year, lowering the forecast. The biggest...

Massive Turnout as Varanasi Welcomes First Starbucks Store

31 Mar 2024

Starbucks, the globally acclaimed coffee chain, has recently launched its inaugural store in Varanasi, Uttar Pradesh. Despite doubts regarding the sustainability of a premium coffee brand in a smaller Indian city, a video footage has disproved such skepticism. A video making rounds on social media depicts extensive queues outside the...

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