Starbucks announced earnings last week, and unfortunately, significantly missed shareholder expectations. Naturally, the market reacted negatively. I no longer serve on the Starbucks board of directors, and I have had no formal role within the company since April 2023. But my love of the company and all those who wear “the cloth of the company”—the iconic green apron—knows no bounds. I, too, experienced some quarters of financial disappointment in my four-plus decades leading Starbuck...| www.linkedin.com
The global chain expressed confidence in its forecast as recently as November, saying that demand for iced shaken espressos was resilient.| The Japan Times
Former billionaire Hui Ka Yan has been fined and faces being banned from the financial markets for life.| www.bbc.com
Taxi-booking app company Uber agrees to sell its operation in China to rival Didi Chuxing.| BBC News
As the COVID-19 situation continues to evolve in the United States, specialty coffee businesses are adapting in a variety of ways. Square, Inc. and the Specialty Coffee Association (SCA) released the 2020 Square x SCA Coffee Report , outlining the current state of the specialty coffee industry.| Specialty Coffee Association
The US is one of the most important coffee markets in the world – and it's clear that specialty coffee is having more and more of an impact.| Perfect Daily Grind
Many Chinese coffee shops have offered home deliveries since 2017. But during Covid-19, US coffee delivery orders exploded by more than 300%.| Coffee Intelligence