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Starbucks serves up glimpses into North Korea with new café near the border

A new branch of the coffee shop chain will offer patrons rare glimpses across the North Korean frontier from Gimpo’s Jogang Observatory.

6 Nov 2024 - 9:00AM

Meet Valentina Sampaio, the trans model making history with Victoria’s Secret

1 Nov 2024 - 6:00PM

Asian-American brand backs Simu Liu on boba tea, and gets to pitch to him

24 Oct 2024 - 6:15PM

Echoes of Gaza: Malaysia, Indonesia, Thailand, Singapore confront legacy of war

From boycotts to artwork and activism, the Palestinian struggle has ignited passionate responses across Southeast Asia over the past year.

7 Oct 2024 - 8:00AMvideocam

A pro-Palestinian rally held in front of the Israeli embassy in Bangkok, Thailand, in April. Photo: AFP

Starbucks’ new CEO vows to make cafes ‘inviting’ once again

In an open letter, Brian Niccol said Tuesday he wants to once again make the cafes “inviting places to linger” with a clear distinction between dine-in and to-go service.

11 Sep 2024 - 1:30PM

Anti-Israel boycott in Malaysia costs Starbucks operator US$8.8 million

Berjaya Food reported a fourth quarter net loss of US$8.8 million due to Middle East conflict impacts, leading to a 35 per cent revenue drop and share decline.

28 Aug 2024 - 8:26PM

As KFC Indonesia logs US$21.5 million loss, a branch manager is ‘unsurprised’

Indonesians have also targeted Starbucks, McDonald’s and several clothing brands for boycott over their perceived links to Israel.

12 Aug 2024 - 3:42PMvideocam

A KFC restaurant in Medan. KFC Indonesia is owned by Fast Food Indonesia. Photo: EPA-EFE

Starbucks loses its perk in China as drinkers flee for cheaper brews

‘Frankly, I don’t think Starbucks can gain a lot of traction in China’s small towns and villages,’ analyst says after the chain’s revenue slides.

11 Aug 2024 - 10:52AM

No more keeping up with the Joneses: ‘poor man’s meal’ on the rise in China

An ongoing trend of consumer spending cutbacks in China has intensified amid an economic downturn, drawing comparison with Japan’s ‘lost decade’.

20 Jul 2024 - 8:21AMvideocam

Opinion | Luckin Coffee’s rise over Starbucks reflects changes brewing in China

Luckin’s meteoric rise reflects a market shift as Chinese spend more carefully, and increasingly prefer local brands with more efficient service to slower, more expensive foreign names.

26 May 2024 - 5:30AMvideocam

A Luckin Coffee store in Beijing promoting its Kweichow Moutai liquor-infused latte on September 4. The rise of local coffee chains reflects a broader trend of increasing consumer nationalism in China. Photo: Reuters

My Take | Is Malaysia ‘missing the target’ in anti-Israel boycotts of Western brands?

It is a consumer’s right to shun a global business, but it may end up missing the target as local franchise holders are the ones bearing losses.

10 May 2024 - 10:30AMvideocam

Boycott, Divestment, and Sanction supporters outside the Shah Alam High Court in Kuala Lumpur. Photo: Hadi Azmi

Kentucky fried closures: Malaysia’s anti-Israel boycott hits US chicken giant

The American chicken franchise, fast-food rival McDonald’s and US coffee chain Starbucks have all become targets of a nationwide boycott movement triggered by Israel’s war on Gaza.

1 May 2024 - 4:34PMvideocam

After McDonald’s, Asians boycott Western cosmetics brands with ties to Israel

In Indonesia, beauty brands owned by French cosmetics giant L’Oreal are being spurned in favour of Chinese and local alternatives, as the boycotts bite into the profits of Starbucks Malaysia and McDonald’s.

19 Apr 2024 - 11:27AM

Lianjia opens Manner coffee shop in Shanghai outlet to brew up home transactions

Lianjia has teamed up with coffee chain operator Manner to open a cafe in one of its outlets in Shanghai, launching a crossover marketing campaign to drive transactions amid lack of homebuying interest.

11 Apr 2024 - 9:40PMvideocam

Lianjia’s brokerage-cum-cafe outlet in Shanghai’s northwestern district. Photo: Handout

McDonald’s Malaysia drops lawsuit against pro-Palestinian boycott group

The Malaysian operator of the fast food giant had claimed the boycotters had slandered its business and implied it had profited from the assault on Palestinians and conspired with Israel

22 Mar 2024 - 2:58PM

Boycott, Divestment, and Sanction (BDS) supporters outside the Shah Alam High Court in Kuala Lumpur, Malaysia, on March 18, 2024. Photo: Hadi Azmi

McDonald’s franchisee, BDS Malaysia seek mediation over boycott movement

McDonald’s Malaysia claims BDS Malaysia slandered its business and implied it had profited from the assault on Palestinians and conspired with Israel.

18 Mar 2024 - 5:00PMvideocam

Netizens slam K-pop singer for drinking Starbucks coffee: ‘educate yourself’

Some commenters said the episode could haunt her for the rest of her career and urged Huh to apologise and take accountability for endorsing the brand.

18 Mar 2024 - 5:56PM

Malaysians mock Starbucks franchisee’s calls to end boycott over Israel-Gaza war

The US coffee chain’s local franchise, run by Malaysian tycoon Vincent Tan’s Berjaya Food, has seen its revenues plunge as customers stay away amid accusations its parent company supports Israel.

5 Mar 2024 - 11:46AM

Starbucks Malaysia ‘stands for humanity’ even as Israel boycott cuts revenue

Malaysia’s social media users mostly panned Starbucks Malaysia’s statement, with some saying that a neutral stance was as good as supporting Israel.

28 Feb 2024 - 6:10PMvideocam

Starbucks Korea opens first animal-friendly store amid rise in pet-owning population

The outlet opened in Guri on Friday, with a cafe on the first floor and a pet one on the second floor, as pet-owning households now make up more than 25 per cent of the country’s homes.

7 Jan 2024 - 2:06PMvideocam

Caffeine boost: China’s rising coffee demand spurs cutthroat cafe competition

China’s rapidly growing coffee consumption is spurring cutthroat competition between local and foreign chains, which are opening shops at breakneck speed, overtaking the number of outlets in the US.

29 Dec 2023 - 6:14PMvideocam

China’s Luckin Coffee added 5,059 stores in the last 12 months, according to Alegra Group’s estimates. Photo: Reuters

‘World won’t hit climate goals without transforming farming’: nature charity

International efforts to reduce greenhouse gas emissions from the food sector are falling well below what is needed for the world to achieve its climate goals, according to the head of The Nature Conservancy.

8 Sep 2023 - 12:34AMvideocam

‘In China alone, agriculture is responsible for around the same amount of emissions annually as the entire aviation sector globally,’ said Morris. Photo: Xinhua

20 years of the Starbucks Pumpkin Spice Latte: are you ready for more?

Starbucks released its Pumpkin Spice Latte in autumn 2003, playing on nostalgia and the powerful link between smell and memory. It was a huge success, and the seasonal drink is still a bestseller.

26 Aug 2023 - 6:15PM

Eye On Asia | Businesses can embrace social responsibility now, or learn the hard way

European laws such as carbon taxes and on supply chain due diligence are set to disrupt how business is conducted in Asia. Importantly, research shows customers, investors and capital markets reward companies that materially improve the world.

9 Jul 2023 - 5:30PMvideocam

Starbucks’ China rival Luckin Coffee opens 10,000th shop

Luckin Coffee opened 1,137 stores in the first quarter, beating Starbucks, which opened 153 and trails the domestic chain by more than 3,700 locations.

7 Jun 2023 - 7:42PMvideocam

Patrons wait in line at a Luckin Coffee store in Beijing Daxing International Airport in 2019. Photo: Getty Images

Opinion | Western ‘de-risking’ from China without decoupling makes little sense

G7 nations and their Western allies have made clear their intent to ‘de-risk’ ties with China without fully decoupling. However, the inability to clearly define the term and differences of opinion between allies on how to proceed could render the efforts ineffective.

3 Jun 2023 - 2:42AMvideocam

Macroscope | Glass-half-empty view of China’s economic recovery needs a rethink

China’s domestic consumption-led recovery means that the spillover effects on the rest of the world are less pronounced. The bleak US outlook has put China’s performance under close scrutiny, and Western business expectations are running ahead of reality.

11 May 2023 - 10:50PMvideocam

Starbucks launches ‘Oleato’, mixing coffee with olive oil

23 Feb 2023 - 4:28PM

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Starbucks

Starbucks is a global coffee company founded in 1971 in Seattle, Washington, as a roaster and retailer of whole bean and ground coffee, tea and spices. Today it is the largest coffeehouse company in the world. Starbucks Corporation's common stock is listed on NASDAQ, under the trading symbol SBUX.

Chairman / President

Mellody Hobson

CEO / Managing Director

Laxman Narasimhan

CFO / Finance Director

Brian Niccol

Industry

Coffee shop

Website

starbucks.com

Headquarters address

2401 Utah Avenue South, Seattle, Washington, U.S.

Stock Code

NASDAQ:SBUX

Year founded

1971

last updated:

30 September, 2024