Howard Schultz Steps Down as Starbucks Chairman

Starbucks Executive Chairman Howard Schultz announced he will be stepping down from his position on June 26 this week. He will instead become the company’s chairman emeritus. Schultz made the announcement in a memo sent to Starbucks employees on Monday. “It seems like yesterday that I first walked into the Pike Place store, stepped across […]

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Nestle, Starbucks Strike $7.5 Billion Deal

Nestle struck a $7.5 billion deal with Starbucks this week that will give the Swiss food and beverage company exclusive rights to sell Seattle’s signature coffee in stores around the world. The deal, was announced Monday, allows Starbucks to turn their attention on their more profitable store-operations, as well as higher-end Roastery shops. “This global […]

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