Starbucks baristas aren't able to view and manage their schedules because of a ransomware attack on one of the company's vendors. The coffee company said its store leaders and baristas are working around the outage manually until it's resolved, and trying to ensure employees get paid.
Starbucks said the aftermath of a ransomware attack on a software supplier has been affecting its ability to pay baristas and manage their schedules, the company's spokesperson said on Monday.
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Although Starbucks (SBUX 2.44%) has been a fantastic investment throughout its history as a public company, it hasn't worked out as well for shareholders recently.
New Starbucks CEO Brian Niccol is tasked with reversing the coffee giant's sales slump. He said airports, where consumers often face long lines, are one area in particular that could be improved.
Starbucks is said to be exploring options for its Chinese operations, including the possibility of selling a stake in the business. Sources say the firm is speaking to advisers about its growth plans in Asia's biggest economy.
Quint Tatro, Joule Financial founder, joins 'Power Lunch' to discuss stock plays for three stocks.
Starbucks Corp (NASDAQ:SBUX, ETR:SRB) is reportedly considering selling its stake in its China business as it struggles amid rising competition from value-focused domestic brands. The Seattle-based coffee chain has engaged advisors to look into options for growing its business in China which could include partnering with a local master franchise or private equity firm, according to a Bloomberg report citing sources with knowledge of the matter.
Starbucks Corp. is seeking ways to boost its Chinese operations and may sell a stake in the business.
24/7 Wall St. Insights Starbucks Corp. (NASDAQ: SBUX) reportedly is looking for a joint venture in China.
Starbucks reiterated on Thursday it is exploring strategic partnerships for its Chinese operations, after a media report saying the company is considering selling a stake in the business to a local partner.
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