Laxman Narasimhan is officially CEO of Starbucks. In a letter to employees, he said his focus is on "long-term sustainable growth" for the coffee chain.
US consumers can soon get a sip Starbucks' new olive-oil infused coffee line, Oleato.
Starbucks is placing a further big bet on China — where competition is growing and recent results left a bitter taste — in one of Howard Schultz’s last acts before he stepped down as chief executive this month. The US chain plans to open a store in China every nine hours to reach 9,000 locations by 2025, up from just over 6,000 currently. China provided $2.5bn of Starbucks’s $32bn in global revenue last year.