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The Latest Breaking News from Laxman Narasimhan

Starbucks replaces its CEO, names Chipotle chief to head the company

Starbucks said Tuesday that CEO Laxman Narasimhan is stepping down after a little more than a year in the job

The Independent UK

Starbucks shares jump 4% after news of another activist stake

Flagging sales in the U.S. and China headline concerns that have weighed on Starbucks shares, which are down about 20% year-to-date.

Fortune

Why Starbucks' sales are dipping

The recent statistics mark Starbucks’ second-straight quarter of sales declines

Salon

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2 Dividend Stocks to Buy in August If the Market Crash Scares You

Volatility is back on Wall Street, which is bound to scare some investors. Meanwhile, Pfizer and Starbucks are two high dividend names with limited downside which conservative investors can consider now.

Barchart

Starbucks is now offering a $5 combo meal, following other fast-food chains experimenting with affordable options to lure back customers

Following several quarters of missed results, the chain is the latest of many to announce bargain deals.

Fortune

It's been a bad month for Starbucks

"The go-to-market strategy needs to be overhauled and elevated," Schultz commented

Salon

Ex-Starbucks CEO Tells Execs To Spend Time With 'Those Who Wear Green Apron,' Address Growing Problems in U.S.

Howard Schultz has advised Starbucks senior staff to visit the coffee chain's stores and get a sense of how the customer experience can be improved.

International Business Times UK

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Starbucks Points To Weaker Consumer As Profit Falls

Starbucks reported lower profits on falling sales on Tuesday as the coffee giant pointed to weakening consumer sentiment and lackluster conditions in China as factors behind an earnings miss.

International Business Times

Starbucks wants Gaza boycotts to stop

The recent plea comes in the wake of Starbucks' tensions with Starbucks Workers United and poor holiday sales

Salon

Starbucks Faces Challenges: Protests, Boycotts, and Unionization Efforts

Starbucks faces challenges as boycotts over the Middle East conflict and a unionization effort disrupt its holiday season sales and reputation.

Top News

Starbucks new CEO reveals his favorite coffee order after spending 6 months working side by side with baristas

It only costs $3.35.

Fortune

The economy is growing at its fastest rate in 3 years and it may be because bosses are treating employees better. Just look at Starbucks gaining $10 billion in one day

Starbucks soared 12% after crushing its earnings, surprising analysts. Another surprise: It's investing in things that help its workers do their jobs better.

Fortune

Starbucks' CEO reveals 3 secrets in his daily routine that helped him beat executive burnout

Laxman Narasimhan says not every meeting is urgent. “It’s got to be a pretty high bar to keep me away from the family."

Fortune

Fortune’s CEO shares conversation highlights from the 2023 Most Powerful Women Summit

This week’s episode of the Leadership Next podcast features snippets of three interviews from the recent Fortune event.

Fortune

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Fortune

What Starbucks’s CEO learned about humanity while training to be a barista in stores around the world for 6 months

Laxman Narasimhan also discusses international expansion and shares that a Starbucks opens in China every nine hours.

Fortune

Starbucks CEO Laxman Narasimhan says he spent six months as a barista to 'immerse' himself in the business—and 'get really good at coffee'

Narasimhan joins Fortune's Leadership Next podcast to talk about the company's purpose, its business in China—and his coffee drink of choice.

Fortune

Management consultants can make great CEOs—but they have to get their hands dirty first

Some 47 Fortune 500 CEOs have spent time as management consultants but first took more junior roles.

The Independent UK

Starbucks union says Pride weekend strikes closed 21 US stores

The union organizing Starbucks workers says a strike timed to Pride month closed 21 stores over the weekend, including the company’s flagship Reserve Roastery in Seattle

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Zenger

U.S. CEOs Flock To China In Wake Of Country’s Reopening

Corporate heads, including Nvidia CEO Jensen Huang, look to take advantage of China's post-COVID market opportunities

Fortune

For the next generation of star CEOs, experience alone isn’t enough. Here’s what they need to reach the top rung

Vulnerability, humility, and self-awareness are among the qualities that high-potential first-time CEOs must cultivate.

Fortune

Starbucks new CEO’s first big menu change hits customers up for an extra $1 for fruity Refreshers 'hack'

A recent trend toward complicated beverage customizations popularized by TikTok hacks doesn't help Laxman Narasimhan's aim to streamline processes at the ubiquitous coffee chain.

Kiplinger

Stock Market Today: Stocks Pop, Then Drop After Fed Rate Hike

The major indexes couldn't make heads or tails of the latest Fed statement, ultimately ending the session in the red.

Fortune

Starbucks is trying to repair its rift with staff by inviting them on two-hour coffee dates

CEO Laxman Narasimhan unveiled a 'revitalized' mission for the company in a blog post this week.

Evening Standard

Reckitt Benckiser appoints company insider Kris Licht as new CEO

The US-based executive will move to the UK and take up the £1.1 million top job at the end of the year

Fortune

CEOs are working frontline shifts to drive employee retention

CEO at companies like Starbucks and Uber are picking up frontline shifts to boost employee satisfaction and retention.

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