All Starbucks articles – Page 2
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NewsStarbucks paid £7.2m in UK corporation tax despite gross profit of £149m
‘Derisorily low’ tax bill again down to high royalty and licensing payments to parent company, The Guardian reports
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NewsStarbucks to open further 100 UK stores
The coffee giant reported 22% year-on-year sales growth in the UK to £547.7m, with plans to grow its current estate of 340 drive-thrus
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Analysis & InsightSpring menu innovation juggles indulgence, wellness and sustainability
The season’s latest slew of menu updates sees PizzaExpress going large with family-sharing extra dough, ASK Italian use regenerative flour in its pizza, while Leon also opts for a Mediterranean flavour
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NewsStarbucks franchisee announces job cuts amid ‘challenging trading conditions’
The coffee giant recently reported “a negative impact” to its Middle East and US business due to “misconceptions” about its position on the Middle East war
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NewsStarbucks appoints new UK store development director
Darren King previously spent over three years at Stonegate Group, prior to which he worked at Greene King
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NewsApollo ‘in talks’ for Alshaya Starbucks franchise
The private equity firm Apollo Global Management is interested in acquiring a minority stake in the Middle East, North Africa and central Asia Starbucks, according to a Reuters report
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NewsStarbucks hit by political ‘misconceptions’
The coffee giant has revised down its sales forecasts, citing the negative impact in the Middle East and in turn the U.S., where it has been targeted by political protesters
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NewsStarbucks opens biggest UK store in recent years
The new, large-scale site on Princes Street, Edinburgh is a step towards the coffee chain’s target to open 100 new stores in the UK this financial year
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NewsStarbucks reports £30bn sales
Comparable same-store sales in the UK were “well above” historical averages in 2023, driven by higher profitability and productivity store formats, and elevated digital experiences
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Analysis & InsightWhy is McDonald’s being targeted by Pro-Palestinian protests?
As militant activists target potent corporate symbols over their perceived political alliances, MCA explores the PR tightrope brands must walk during such a bitter partisan conflict
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NewsHoward Schultz steps down from Starbucks
The coffee giant has announced former CEO Howard Schultz is to retire as director, as part of a planned transition, and will be replaced by Wei Zhang
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NewsStarbucks makes ‘good progress’ on 100 new UK stores target
The coffee company has maintained strong double digit growth in recent months, as it marks its 25th anniversary in the UK with a drive-thru site in Oldham
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NewsStarbucks franchisee acquires nine new stores
KBeverage has acquired GK Coffee Group and its nine London Starbucks stores, part of a plan to reach 100 by 2026
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Analysis & InsightFood to go: What’s inspiring spring/summer NPD
MCA explores the trends influencing the new spring/summer launches from the UK’s leading food to go brands and how they stack up against competition from the grocery retailers.
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NewsStarbucks accused of ‘illegal union-busting’
Founder Howard Schultz was accused of leading an aggressive anti-union crusade by leftwing senator Bernie Sanders at a US senate hearing
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NewsStarbucks boosts sales but sees profits slide
The coffee shop brand saw UK sales exceed pre-pandemic levels, but wage and cost inflation led to a dip in profits
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NewsStarbucks ends speculation about UK sale with £30m investment
The coffee shop chain as ended speculation about a potential sale of its British business, announcing plans to invest millions in the refurbishment of its existing sites and open 100 new coffee shops in the UK.
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Analysis & InsightA spoonful of olive oil helps the Frappuccino go down
As Starbucks launches an olive oil-infused range of drinks, MCA asks coffee experts whether the new product innovation could become as big a hit as the famed pumpkin spiced latte – and help the High Street chain re-capture some cultural relevancy
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NewsStarbucks UK achieves double-digit growth
The UK contributed to Starbucks’ strong international sales performance, with double-digit comparable sales growth in the 13 weeks to 1 January 2023.
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NewsStarbucks franchisee posts sales of £75m
23.5 Degrees has grown to 93 sites and now has a pipeline of 50 new openings