More than 100 lawmakers urged Starbucks to resume bargaining talks with Workers United, the union representing the coffee giant's baristas, in letters sent to CEO Brian Niccol on Monday. The letters come ahead of a threatened strike led by the union in 25 cities on November 13, Starbucks' Red Cup day, one of its biggest sales days of the holiday season.
Twenty-six U.S. senators and 82 House representatives have written to Starbucks CEO Brian Niccol, urging the company to resume talks with its workers union, the lawmakers said on Monday.
Last week Starbucks announced that its coffee delivery business is now a $1.0 billion business. Yes, that's right, $1.0 billion.
When the coffee chain introduced a limited-edition ‘Bearista' holiday cup this week, supply quickly ran out. Customers are in open revolt, and resellers are cashing in big.
The coffee maker is selling a 60% stake in the business to Boyu Capital.
Starbucks Workers United said 92% of its members voted to authorize the unfair labor practice strike, which comes just ahead of Starbucks' promotional Red Cup Day on Nov. 13.
The union said workers are prepared to strike if a contract is not finalized by Nov. 13, which is the company's Red Cup Day, and strike actions could hit more than 25 cities and escalate if there is a lack of progress.
Unionized baristas at Starbucks in the U.S. are preparing to go on strike next week and disrupt one of the coffee chain's busiest days, Bloomberg News reported on Wednesday.
Seattle-based Starbucks has agreed to sell a controlling stake in its Chinese business, marking a significant shift in strategy for the world's largest coffee chain in its most important growth market outside the U.S.
It is hard to say much about the valuation. Starbucks Corp. (NASDAQ: SBUX) is selling a 60% piece of its operations in China.
Starbucks NASDAQ: SBUX is not out of the weeds—far from it—but the most recent earnings results reveal operational improvements that suggest it is still a good buy for 2026.
Starbucks has agreed to sell an up to 60% slice in its China business to Chinese investment firm Boyu Capital in a deal that values the operation at $4 billion.