• Tue
  • Dec 23, 2014
  • Updated: 12:47pm

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, with 20,366 stores in 61 countries. Starbucks went public on June 26, 1992 at a price of $17 per share (or $0.53 per share, adjusted for subsequent stock splits) and closed trading that first day at $21.50 per share. Starbucks Corporation's common stock is listed on NASDAQ, under the trading symbol SBUX. 

EU claims Dutch authorities and Starbucks brewed up a sweet tax deal

New president of the European Commission Jean-Claude Juncker (right) is facing calls to resign. Photo: Reuters

European Union regulators yesterday publicly accused the Netherlands of awarding coffee-shop giant Starbucks unfair tax breaks.

Saturday, 15 November, 2014, 3:14am 1 comment

Patrons at CIA Starbucks in Langley, Virginia prefer not to use names

The CIA branch is always busy.

The new supervisor thought his idea was innocent enough. He wanted the baristas to write the names of customers on their cups to speed up lines and ease confusion, just like other Starbucks do around the world.

29 Sep 2014 - 3:44am 2 comments

Swiss coffee machine maker is Starbucks' 'secret weapon'

Starbucks plans to add 800 stores in China and Asia-Pacific in the 2015 financial year, giving Thermoplan cause for optimism. Photo: Bloomberg

Thermoplan, based in a sleepy Swiss village, makes the automatic machines for espressos and cappuccinos in each of Starbucks' almost 21,000 shops around the world.

7 Aug 2014 - 5:29am 7 comments

On this street in southern China, you can visit Starbucks Coffee - or rather, 'Sffcccks Coffee'

It looks like Starbucks from a distance, but upon closer inspection, something is very off here. Photo: Chinanews.com

A “street of fakes” has sprouted up in the southern Chinese city of Wuxi, featuring signs that flaunt modified names of famous international stores like Starbucks and Zara.

10 Jan 2014 - 7:18am 6 comments

CCTV report on Starbucks triggered storm of internal dissent

A CCTV investigative report on Starbucks pricing in China

A CCTV investigative report accusing Starbucks of overcharging mainland customers for coffee triggered enormous disquiet among journalists at the network and even some soul-searching after it aired.

14 Dec 2013 - 7:26am 15 comments

Analysis: Despite Starbucks-bashing, global coffee industry has China firmly in its sights

A farmer picks coffee berries in Puer, Yunan Province. Photo: SCMP/Chloe Lai

Overpaying for foreign goods is nothing new for mainland Chinese. Since China joined the WTO in 2002, a “luxury tax” has been applied to everything from jewellery, to cars and to dishwashers.

6 Nov 2013 - 4:06pm

Reaction cool to CCTV criticism of Starbucks' prices

Reaction cool to CCTV criticism of Starbucks' prices

China Central Television has been rallying behind President Xi Jinping's "mass line" movement in recent weeks by turning its attention to issues likely to get a rise out of the average mainlander.

27 Oct 2013 - 4:59am

Starbucks China deletes blog post seen as rude rebuttal of CCTV accusation

Starbucks denies using the post of an alpaca pen topper to attract media attention. Photo: Reuters

Starbucks China on Tuesday deleted a microblog post that was widely interpreted online as a veiled message hitting back at the state television that recently criticised it for “profiteering”.

23 Oct 2013 - 3:13pm 3 comments

Starbucks sues Bangkok's 'Starbung' coffee stall over use of logo

The Bangkok 'Starbung' logo at the centre of the dispute with Starbucks. Photo: SCMP

The US firm says the green-and-white "Starbung" emblem used by 43-year-old Damrong Maslae - which features a man in a skullcap pouring coffee and holding up a victory sign - infringes on its intellectual property rights.

22 Oct 2013 - 9:04am

CCTV's criticism of Starbucks 'pricey coffee' prompts online backlash

Photo: Reuters

Chinese state television’s criticism of Starbucks’ “hefty product prices” in China and its demands for the coffee chain to be fair and to avoid price discrimination have backfired, resulting in widespread online criticism.

22 Oct 2013 - 7:08am 7 comments

Starbucks to sell only home-grown coffee to Colombians

Workers prepare a Starbucks coffee shop for its opening in Vietnam's Ho Chi Minh City. Photo: Reuters

Starbucks Coffee Company, which has exported coffee beans from Colombia for more than four decades, plans to open its first cafe in the Andean country next year and serve only locally grown coffee.

28 Aug 2013 - 3:36am

Deaf customers mocked at New York Starbucks, lawsuit alleges

Starbucks workers in New York were rude to deaf customers, a lawsuit claims. Photo: AP

Some Starbucks workers in New York were so rude to deaf customers they mocked them and called the police to try to get them kicked out, a lawsuit says.

The lawsuit seeks unspecified damages and an order from the court to stop discriminatory behaviour.

17 Jul 2013 - 3:25am

No quick fix for corporate tax take as pressure to act builds

Tax-minimisation schemes used by Starbucks and other multinationalsissue will be discussed at next week’s Group of Eight meeting. Photo: Reuters

Europe’s leaders are talking tough about making companies pay more tax but they are expected to take only baby steps for fear of alienating big business during an economic slump.

14 Jun 2013 - 2:44pm

Paper talk, June 1, 2013

Starbucks found using water from tap near toilet

Sunday, Apple Daily

Teashop customer charged HK$30 extra for reserving seat

1 Jun 2013 - 1:36am

Nestle grows China coffee investment

Pu'er, better known for its tea, exported 7,927 tonnes of coffee beans in 2007, accounting for more than 40 per cent of China's coffee exports. Photo: SCMP

Coffee lovers in China will be excited to hear about a major new initiative by Nestle to grow coffee beans in southwestern Yunnan province, in the latest challenge to the nation's traditional tea-drinking culture.

8 Apr 2013 - 11:27am

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