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The Latest Breaking News from Laxman Narasimhan

Starbucks Earnings Preview: China Growth, US Labor Talks In Focus Amid CEO Laxman Narasimhan Transition

Investors are likely to focus on growth forecasts in China and negotiations with labor leaders in the US as Starbucks published fourth quarter earnings and new CEO Laxman Narasimhan prepares to take the helm.

The Street

Starbucks to revamp stores to speed service, boost morale

The company also said it plans to open 2,000 net new stores in the U.S. by 2025, with an emphasis on meeting the growing demand for new types of service, including drive-thru, mobile ordering and delivery.

Chicago Sun-Times

Ben van Beurden’s resignation at Shell takes 2022 tally of FTSE 100 CEO departures to 18

The top job at the UK’s most valuable company is changing hands at the end of the year

Evening Standard

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Starbucks Interim CEO Maps Out Rebound for Coffee Chain

Starbucks Corp. interim chief executive Howard Schultz outlined a wide-ranging revamp of the coffee chain on Tuesday, ranging from cafe upgrades to expanded employee benefits, which he said is necessary to put the company on track for a turnaround by 2024.

Bangkok Post

4 Starbucks Analysts React To Investor Day: 'Attractive Risk-Reward And Valuation'

Starbucks Corporation (NASDAQ: SBUX) shares traded high by 1.2% on Wednesday after the company held its first investor day event since announcing Laxman Narasimhan will be taking over as the new CEO.

Benzinga

Starbucks Stock Is Heating Up but Risks Going Cold

Starbucks has its investor day on Tuesday and is so far avoiding getting crushed in the market selloff. Can that momentum last?

The Street

Starbucks Stock Active Ahead of New CEO Narasimhan's First Investor Day

In-store investments and employee relations will likely be the focus of a key Starbucks investor day, the first under new CEO Laxman Narasimhan.

The Street

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Stocks Push Gains, Inflation, Peloton, Oracle And Starbucks In Focus - Five Things To Know

Stock futures add to gains ahead of inflation data; Headline CPI may tumble, but core likely sticky; Peloton slides as co-founders depart; Oracle bumps higher on cloud revenue forecast and Starbucks investor day to guide new CEO strategy.

The Street

Starbucks Stock Shows Relative Strength To S&P 500: Here's What To Watch

Starbucks Corp. (NASDAQ: SBUX) shares spiked more than 3% on Wednesday in tandem with the S&P 500, which was trading up about 0.8%.

Benzinga

From Slough to Seattle: the challenges facing Starbucks’ new boss

Surprise move to Seattle comes as global coffee chain faces unionisation drive

The Guardian - UK

Starbucks appoints outgoing Reckitt Benckiser chief as its next CEO

Laxman Narasimhan is swapping Slough for Seattle and takes up the top job there in April

Evening Standard

Starbucks Names Reckitt Boss Laxman Narasimhan to Replace Howard Schultz As CEO

“Laxman is an inspiring leader with deep, hands-on experience driving strategic transformations at global consumer-facing businesses," said Starbucks.

The Street

Stocks Flat, Jobs Data, Starbucks, Lululemon And Broadcom In Focus - Five Things To Know

Stock futures flat as jobs data looms; Wage growth in focus as hiring slows, but remains firm; Starbucks taps Reckitt CEO to replace interim boss Schultz; Lululemon shares leap on Q3 earnings, 2022 outlook and Broadcom defies chip gloom with earnings beat, bullish forecast.

The Street

Starbucks names Indian-origin Laxman Narasimhan as new CEO

Laxman Narasimhan will join Starbucks on October 1, replacing Howard Schultz, who will continue as interim chief until April 2023. Full story on Dynamite News:

Dynamite News

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Tribune News Service

Starbucks names Reckitt chief Laxman Narasimhan as next CEO

Starbucks Corp. tapped Laxman Narasimhan, chief executive officer of Reckitt Benckiser Group Plc, as its next CEO, choosing a consumer-industry veteran to chart a new path after the interim tenure of Howard Schultz.

AFP

Starbucks names outgoing Reckitt leader as next CEO

New York (AFP) - Starbucks named Laxman Narasimhan, a veteran of PepsiCo and other consumer brands, as its next chief executive on Thursday.

The Independent UK

Starbucks names former PepsiCo executive as new CEO

Starbucks has named a longtime PepsiCo executive as its new CEO

Evening Standard

Who’s in and who’s out as tally of FTSE 100 CEO departures grows

Run of FTSE 100 CEOs announcing departures in 2022 reaches 17

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The Guardian - UK

Boss of Dettol maker Reckitt Benckiser unexpectedly resigns

Laxman Narasimhan surprises investors by saying he will leave for US halfway through turnaround plan

Evening Standard

Shock departure of Reckitt Benckiser CEO hits shares in consumer product giant

Laxman Narasimhan is returning to the US after three years in charge of the consumer products giant

Birmingham Post

Reckitt CEO steps down to return to US after remarkable three year stint at helm of halo brand Dettol

Laxman Narasimham was a proud advocate of the Hull heritage and held a deeply personal allegiance to the wonder product

Evening Standard

Reckitt Benckiser first half revenues up as pandemic bounce continues

Business had introduced cost cutting measures of £370 million

Birmingham Post

Dettol demand drives Reckitt on to further growth

Half year results for Hull-founded firm show predicted retention has become a result as productivity programme also delivers

Evening Standard

Dettol and Durex maker Reckitt joins list of firms upping prices

FTSE giant’s increases echoes those of Nestlé, Procter & Gamble and Unilever

Birmingham Post

Tragic tale of childhood Dettol inspiration behind arrival of Humber's new unifier for a clean economy

Laxman Narasimhan felt compelled to join Reckitt after super-brand's role in family health - now he's charged with Humber's fortunes

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