Shultz wasn't actually the founder of Starbucks. But he bought it from its previous owners in 1987 when it had just 17 locations and turned it into the biggest coffee chain in the world.

In March 2023, Laxman Narasimhan assumed the role of Starbucks CEO, replacing Starbucks founder and longtime CEO Howard Schultz, who had stepped in to fill the role temporarily. Starbucks was ...

Starbucks stock has fallen 15% in March while the S&P 500 declined by just 4.7%. New CEO Brian Niccol has a proven track record of successful turnarounds at Taco Bell and Chipotle. Employee ...

in the first major layoffs in the company’s 53-year history. And last month, tire maker Bridgestone Americas closed a plant in LaVergne, Tennessee, and laid off 700 workers there. Starbucks ...