Tag: Starbucks

Alshaya Group reportedly in talks to sell minority stake in Starbucks business

US investment firm Apollo Global Management Inc and Saudi Arabia’s Public Investment Fund (PIF) have been cited as interested parties in the 2,000-store coffee shop franchise A Starbucks store in Riyadh, Saudi Arabia | Photo credit: Alshaya Group   Kuwait-based Alshaya Group is in reportedly talks to sell a minority stake in its sizeable Starbucks franchise business in the Middle East.    US private equity ...

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Inside Luckin Coffee, the Coffee Chain Overtaking Starbucks in China

A Luckin Coffee branch in Singapore. Business Insider/Kai Xiang Teo I visited the coffee chain that's overtaking Starbucks in China.What stood out to me was how efficient — and impersonal — ordering was.Most customers said it wasn't the flavor that stood out to them, it was the aggressive deals. Starbucks is synonymous with coffee, but in China, it might just be losing some of its ...

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We Tried And Ranked Every Starbucks Reserve Select Winter 2023 Coffee Blend

The official holiday pour of your red-cup refill, Reserve Christmas Blend is a medium roast that comes through very mild—perhaps even watery. More charitably, you might call it thin-bodied by design to stay drinkable for decaf types fueling up for, or from, a long day of exploring a city on their winter break. If you don't usually drink coffee, here's one that won't clobber your ...

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Luckin Coffee brews up new craze in China with low-alcohol Moutai latte

19 Sep 2023 --- Luckin Coffee and Kweichow Moutai, two of China's most prominent beverage companies, have joined forces to launch an innovative alcoholic latte which captured the attention of both coffee and liquor enthusiasts. The Moutai Latte, which officially debuted earlier this month, has already taken the Chinese market by storm. The Moutai Latte complements Luckin Coffee's strategy of innovating coffee ...

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Starbucks, other coffee shops, fall short on staff diversity pledges

The nation’s largest coffee brand joined the ranks of companies pledging to increase diversity in the aftermath of the murder of George Floyd by Minneapolis police.Starbucks set a goal of 30% people of color at all corporate jobs and 40% in every retail and manufacturing role by 2025.Two years later, the company’s own workforce demographic reports show there is still much progress to be made: ...

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