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Shoppers walk by a Starbucks cafe at an outdoor shopping mall in Beijing, December 23, 2023. Photo: AP
US-China relations

My Take | Apple, Tesla and Starbucks to face testing time in China under second Trump administration

These cosy relationships may be challenged during the second Trump term due to changing market conditions and deteriorating US-China ties.

Retailing

Is Starbucks seeking help from a partner to regain its perk in China?

Malaysia

Chinese milk tea giant Chagee stirs ire of Malaysians over ‘rigged’ lucky draw

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Malaysia

Starbucks Malaysia confronts long-term sales decline from anti-Israel boycott

Malaysia’s largest bank has warned that the brand is likely to suffer from long-term slumping sales, despite a booming coffee market.

Starbucks has faced backlash due to its perceived connections to the US and Israel, even though it is not officially blacklisted by Boycott, Divestment, Sanctions Malaysia. Photo: Getty Images/TNS
South Korea

Starbucks serves up glimpses into North Korea with new café near the border

A new branch of the coffee shop chain will offer patrons rare glimpses across the North Korean frontier from Gimpo’s Jogang Observatory.

Fashion

Meet Valentina Sampaio, the trans model making history with Victoria’s Secret

The Brazilian model was studying fashion design when she was discovered by a make-up artist; she’s made a career of history-making appearances and is a staunch advocate of LGBT rights.

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Food and Drinks

Asian-American brand backs Simu Liu on boba tea, and gets to pitch to him

The co-founders of Twrl are invited to pitch to Simu Liu after supporting Marvel star for calling out cultural appropriation on Dragons’ Den.

Cans of Twrl milk tea. Photo: Instagram/@katsmunchies
Malaysia

Echoes of Gaza: Malaysia, Indonesia, Thailand, Singapore confront legacy of war

From boycotts to artwork and activism, the Palestinian struggle has ignited passionate responses across Southeast Asia over the past year.

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Coffee

Starbucks’ new CEO vows to make cafes ‘inviting’ once again

In an open letter, Brian Niccol said Tuesday he wants to once again make the cafes “inviting places to linger” with a clear distinction between dine-in and to-go service.

Malaysia

Anti-Israel boycott in Malaysia costs Starbucks operator US$8.8 million

Berjaya Food reported a fourth quarter net loss of US$8.8 million due to Middle East conflict impacts, leading to a 35 per cent revenue drop and share decline.

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A Starbucks outlet in Kuala Lumpur. Photo: Azneal Ishak
Indonesia

As KFC Indonesia logs US$21.5 million loss, a branch manager is ‘unsurprised’

Indonesians have also targeted Starbucks, McDonald’s and several clothing brands for boycott over their perceived links to Israel.

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A KFC restaurant in Medan. KFC Indonesia is owned by Fast Food Indonesia. Photo: EPA-EFE
Banking & finance

Starbucks loses its perk in China as drinkers flee for cheaper brews

‘Frankly, I don’t think Starbucks can gain a lot of traction in China’s small towns and villages,’ analyst says after the chain’s revenue slides.

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China's economic recovery

No more keeping up with the Joneses: ‘poor man’s meal’ on the rise in China

An ongoing trend of consumer spending cutbacks in China has intensified amid an economic downturn, drawing comparison with Japan’s ‘lost decade’.

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China economy

Opinion | Luckin Coffee’s rise over Starbucks reflects changes brewing in China

Luckin’s meteoric rise reflects a market shift as Chinese spend more carefully, and increasingly prefer local brands with more efficient service to slower, more expensive foreign names.

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A Luckin Coffee store in Beijing promoting its Kweichow Moutai liquor-infused latte on September 4. The rise of local coffee chains reflects a broader trend of increasing consumer nationalism in China. Photo: Reuters
Malaysia

My Take | Is Malaysia ‘missing the target’ in anti-Israel boycotts of Western brands?

It is a consumer’s right to shun a global business, but it may end up missing the target as local franchise holders are the ones bearing losses.

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Boycott, Divestment, and Sanction supporters outside the Shah Alam High Court in Kuala Lumpur. Photo: Hadi Azmi
Malaysia

Kentucky fried closures: Malaysia’s anti-Israel boycott hits US chicken giant

The American chicken franchise, fast-food rival McDonald’s and US coffee chain Starbucks have all become targets of a nationwide boycott movement triggered by Israel’s war on Gaza.

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Indonesia

After McDonald’s, Asians boycott Western cosmetics brands with ties to Israel

In Indonesia, beauty brands owned by French cosmetics giant L’Oreal are being spurned in favour of Chinese and local alternatives, as the boycotts bite into the profits of Starbucks Malaysia and McDonald’s.

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China property

Lianjia opens Manner coffee shop in Shanghai outlet to brew up home transactions

Lianjia has teamed up with coffee chain operator Manner to open a cafe in one of its outlets in Shanghai, launching a crossover marketing campaign to drive transactions amid lack of homebuying interest.

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Lianjia’s brokerage-cum-cafe outlet in Shanghai’s northwestern district. Photo: Handout
Malaysia

McDonald’s Malaysia drops lawsuit against pro-Palestinian boycott group

The Malaysian operator of the fast food giant had claimed the boycotters had slandered its business and implied it had profited from the assault on Palestinians and conspired with Israel

Malaysia

McDonald’s franchisee, BDS Malaysia seek mediation over boycott movement

McDonald’s Malaysia claims BDS Malaysia slandered its business and implied it had profited from the assault on Palestinians and conspired with Israel.

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South Korea

Netizens slam K-pop singer for drinking Starbucks coffee: ‘educate yourself’

Some commenters said the episode could haunt her for the rest of her career and urged Huh to apologise and take accountability for endorsing the brand.

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Fans have flooded K-pop singer Huh Yun-jin’s Instagram page with critical comments after a photo of her sipping the brew was widely shared online. Photo: Instagram/jenaissante
Malaysia

Malaysians mock Starbucks franchisee’s calls to end boycott over Israel-Gaza war

The US coffee chain’s local franchise, run by Malaysian tycoon Vincent Tan’s Berjaya Food, has seen its revenues plunge as customers stay away amid accusations its parent company supports Israel.

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A Starbucks cup. Photo: Reuters
Malaysia

Starbucks Malaysia ‘stands for humanity’ even as Israel boycott cuts revenue

Malaysia’s social media users mostly panned Starbucks Malaysia’s statement, with some saying that a neutral stance was as good as supporting Israel.

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South Korea

Starbucks Korea opens first animal-friendly store amid rise in pet-owning population

The outlet opened in Guri on Friday, with a cafe on the first floor and a pet one on the second floor, as pet-owning households now make up more than 25 per cent of the country’s homes.

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Coffee

Caffeine boost: China’s rising coffee demand spurs cutthroat cafe competition

China’s rapidly growing coffee consumption is spurring cutthroat competition between local and foreign chains, which are opening shops at breakneck speed, overtaking the number of outlets in the US.

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China’s Luckin Coffee added 5,059 stores in the last 12 months, according to Alegra Group’s estimates. Photo: Reuters
Business of climate change

‘World won’t hit climate goals without transforming farming’: nature charity

International efforts to reduce greenhouse gas emissions from the food sector are falling well below what is needed for the world to achieve its climate goals, according to the head of The Nature Conservancy.

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‘In China alone, agriculture is responsible for around the same amount of emissions annually as the entire aviation sector globally,’ said Morris. Photo: Xinhua
Coffee

20 years of the Starbucks Pumpkin Spice Latte: are you ready for more?

Starbucks released its Pumpkin Spice Latte in autumn 2003, playing on nostalgia and the powerful link between smell and memory. It was a huge success, and the seasonal drink is still a bestseller.

Asean

Eye On Asia | Businesses can embrace social responsibility now, or learn the hard way

European laws such as carbon taxes and on supply chain due diligence are set to disrupt how business is conducted in Asia. Importantly, research shows customers, investors and capital markets reward companies that materially improve the world.

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Starbucks
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. Starbucks Corporation's common stock is listed on NASDAQ, under the trading symbol SBUX.
Chairman / President
Mellody Hobson
CEO / Managing Director
Laxman Narasimhan
CFO / Finance Director
Brian Niccol
Industry
Coffee shop
Website
starbucks.com
Headquarters address
2401 Utah Avenue South, Seattle, Washington, U.S.
Stock Code
NASDAQ:SBUX
Year founded
1971
last updated:
30 September, 2024
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