Starbucks
American coffeehouse, Starbucks, is facing a backlash by Egypt’s social media users for raising the prices of its coffee with nearly up to 25 percent.
Starbucks Corporation has filed a lawsuit before the Administrative Court, rejecting a demand by the Commercial Registration Authority to change its trademark.
The $7.15 billion deal grants Nestle perpetual rights to sell Starbucks products.
Starbucks flagged in June that it was pursuing such a tie-up after reporting a sudden slowdown in China sales growth.
Starbucks also said it expects to more than double its operating income in China over the next 5 years, relative to 2017.
Nestle said it expects the deal to sell Starbucks bagged coffee and drinks adding to earnings by 2019. It will not involve any of Starbucks’ cafes.
Two black men arrested while waiting at Starbucks store reached a confidential financial settlement with the coffee chain and dropped legal claims.
Promising to make everything right, Johnson promised a thorough investigation of the incident caught on video by a patron Thursday and shared widely online.
A little-known not-for-profit group sued some 90 coffee retailers on grounds they were required to warn consumers of chemicals in their products that could cause cancer.
Starbucks has too many stores and its prices are too high, Wall Street analysts agree, as they seek to explain the company’s cooling U.S. growth.
Starbucks has shut its e-commerce site for the United States in an effort to drive more traffic to stores.
The Starbucks latté costs more in Egypt, among other places, than in the U.S., a research firm finds out.
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