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  • Dec 22, 2014
  • Updated: 6:31pm

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. 

Briefs, January 4, 2013

Singer Patti Page. Photo: Reuters

Australia runs hot while India chills

Friday, 4 January, 2013, 6:04am

Gift cards - the world's worst present?

Gift cards - the world's worst present?

Chances are you received a few gift cards this Christmas. Or perhaps you are guilty of gifting a few yourself. Sure, your teenage niece may be impossible to buy presents for, or you ended up attending your boss's Christmas dinner at the last minute and couldn't show up empty-handed. We understand.

31 Dec 2012 - 4:58am

Letters to the Editor, December 10, 2012

Starbucks stirred anger over unpaid dues. Photo: EPA

Police's holistic scheme fights animal cruelty

I refer to Ms Iris Ma's letter ("Set up police unit to curb animal abuse", December 3) and the article by Ms Patsy Moy ("Police unit urged after stray cats slaughtered", December 3).

10 Dec 2012 - 1:28am 1 comment

Briefs, December 6, 2012

Apple iTunes gift cards on sale at 7-Eleven

250b yuan in daily trading on HK system

6 Dec 2012 - 3:16am

UK lawmakers call for tax crackdown on multinationals

A man walks past a branch of the American coffee chain Starbucks in London. Executive officers of multinational companies Starbucks, Google and Amazon are facing allegations related to tax payments in the United Kingdom. Photo: EPA

A committee of UK lawmakers has called on government to crack down on multinational companies that make substantial sales in Britain but pay little tax here, echoing demands from leaders across Europe for measures to tackle corporate tax avoidance.

3 Dec 2012 - 9:05am

Starbucks launches special Christmas campaign

Sammy Leung and Sandra Ng were special guests at the Starbucks Christmas charity launch.

Following on from its fundraising sales for Unicef last year, Starbucks Hong Kong is doing another charity effort, this time in support Po Leung Kuk's special children development fund.

From December 17 to 23, for each Christmas special coffee sold, Starbucks will donate HK$1 to help underprivileged and handicapped children.

3 Dec 2012 - 5:51am

Starbucks aims to become more Chinese as it announces 800 new coffee shops

Coffee giant Starbucks opened its 100th store in Beijing. Photo: SCMP

Coffee giant Starbucks is advancing its growth plans in China with the opening of its 100th store in Beijing and 800 more in the next three years.

27 Nov 2012 - 4:13pm 1 comment

What's being said on facebook.com/southchinamorningpost

On ATV protesting over new free-to-air licences:

Harminder Singh - ATV is protesting against competition. I say more free-to-air channels! If ATV wants to stay in the game, it will need to step up its pathetic programming. And if it shuts down, the market will compensate, with the other stations picking up the most popular programmes and talent.

14 Nov 2012 - 3:15am

Starbucks roasted by British lawmakers over tax stance

British media reports state that US coffee giant Starbucks has paid no tax in Britain in the last three years, and has only paid £8.6 million in corporte tax over the last 14 years.

British lawmakers grilled global coffee giant Starbucks over its tax policies on Monday, arguing that claims that its British division was unprofitable “just doesn’t ring true”.

13 Nov 2012 - 5:33am

Tax protest to hijack Starbucks outlets

Police protect a Starbucks branch during an anti-cuts march last month after the company's low tax bill was reported. Photo: Reuters

Dozens of UK Starbucks branches will be turned into creches, refuges and homeless shelters, as direct action group UK Uncut hijacks the coffee outlets to highlight the chain's tax avoidance tactics.

13 Nov 2012 - 5:59am

What does Starbucks say of your status?

What does Starbucks say of your status?

It's an open secret in Hong Kong's business community that many of the best ideas and biggest decisions come together over a cup of coffee rather than behind the closed doors of well-appointed boardrooms around town.

29 Oct 2012 - 9:10am 2 comments

The Week Explained: Tax Avoidance

Mug's game: Starbucks has not paid corporate tax for the past three years. Photo: Reuters

Those of us who assumed that there was something dubious about the world's most famous purveyor of milky hot drinks (it calls itself a coffee specialist) have discovered that there is also something dubious about Starbucks' tax arrangements.

29 Oct 2012 - 2:22am

Starbucks open its first café in India, with more to come

Staff working behind the counter at India's first Starbucks outlet, in Mumbai. Photo: AFP

After years of delays, Starbucks will open two stores in India this week after launching its first cafe in the country last Friday.

Its first store, in Mumbai, features local design, Indian teakwood furniture and espresso drinks made from Indian-grown and roasted coffee.

22 Oct 2012 - 3:00am

The Week Explained: Ikea controversy

A Stockholm newspaper shows the airbrushed woman-free version and the original page from Ikea's catalogue. Photo: AFP

Inter Ikea Systems, that company that sells basic yet hard-to-assemble furniture, has suffered a double whammy in Saudi Arabia after airbrushing women out of pictures in its catalogues.

15 Oct 2012 - 1:02am

South Korea out to contain cut-throat coffee competition

These days, a stroll on the streets of southern Seoul is just as likely to bring the fragrance of freshly brewed coffee as that of kimchi.

22 Aug 2012 - 2:57am