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Financing

Starbucks takes on a changed consumer

 By Jonathan Maze on Jun. 18, 2020

By building more drive-thrus in suburbs and changing its urban strategy, the coffee giant is hoping to catch consumers as they use restaurants, says RB’s The Bottom Line.

Financing

What will a more remote workforce do to restaurants?

 By Jonathan Maze on Jun. 10, 2020

Many concepts, like Starbucks and McDonald’s, were developed on commuting patterns. A more remote workforce would upend those assumptions, said RB’s The Bottom Line.

Financing

Starbucks plans to speed its development of takeout-only stores

By Jonathan Maze on Jun. 10, 2020

The coffee giant plans to close up to 400 locations and replace them with new types of stores in different locations, while the pandemic has cost the chain $3 billion in revenues.

Financing

Peet’s parent sets terms for its European IPO

By Jonathan Maze on May 26, 2020

The coffee chain, which late last year was merged with fellow JAB Holding-owned Jacobs Douwe Egberts, would be worth more than $17 billion.

Financing

Luckin Coffee gets a delisting notice

By Jonathan Maze on May 19, 2020

Nasdaq notified the troubled coffee giant that it would be delisted, and the company plans to appeal.

Financing

Luckin Coffee fires its top 2 executives after fraud investigation

By Jonathan Maze on May 12, 2020

The Chinese company terminated CEO Jenny Zhiya Qian and COO Jian Liu and suspended six more employees who knew of fabricated transactions.

Financing

Starbucks hit with a rare sales decline as pandemic shuts stores

By Jonathan Maze on Apr. 28, 2020

The coronavirus has cost it more than $900 million in revenue, and the company said things will get worse before they get better.

Financing

Starbucks plans to reopen stores early next month

By Jonathan Maze on Apr. 16, 2020

The coffee giant plans to open with modified operations and safety measures as it shifts to a new phase in its coronavirus response.

Financing

Half of Starbucks’ U.S. locations are closed

By Jonathan Maze on Apr. 08, 2020

The company said same-store sales fell as much as 70% in the last week of March as the coronavirus shutdown took hold.

Financing

Fast-growing Luckin Coffee admits to a massive fraud

By Jonathan Maze on Apr. 02, 2020

The tech-centric coffee chain out of China said it fabricated some of its transactions last year.

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