Starbucks opened its largest cafe in the world in Shanghai on Wednesday as the U.S.-based beverage giant bets big on the burgeoning coffee culture of a country traditionally known for tea-drinking.
The opening of the sprawling, two-storey outlet in a busy central shopping district was thronged by hundreds of customers, some waiting more than an hour in long lines stretchingRead more
Starbucks Chief Executive Howard Schultz’s decision to step down is unlikely to disrupt growth at the world’s biggest coffee chain as his successor Kevin Johnson is well suited to take the helm, analysts said.
Starbucks Corp. said on Thursday that Schultz would step down as CEO on April 3 to focus on new high-end coffee shops, handing the top jobRead more