Starbucks
Coverage focuses on the UK operations, brand strategy, and innovation roadmap of the world’s largest coffeehouse chain. Reporting includes expansion through drive-thru and delivery-only formats, mobile ordering and loyalty via the Starbucks Rewards app, sustainability initiatives such as reusable cup schemes, and menu localisation for UK consumer preferences. Insight is geared toward operators tracking premium beverage trends, high street trading, and digitally enabled customer engagement in the branded coffee sector.
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Oct- 2024 -16 OctoberCafes and Coffee Shops
Starbucks acquires 23.5 Degrees
Starbucks has announced its acquisition of franchise group 23.5 Degrees in the UK earlier this week for an undisclosed amount. This deal will bring on board the largest Starbucks-licensed business partner in the market, encompassing approximately 113 stores and 1,650 employees. According to the coffee chain, the deal will further…
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Sep- 2024 -23 SeptemberFood and Drink
Manchester Airport bolsters F&B offering amid £1.3bn investment
Manchester Airport will be opening 22 new shops, restaurants and bars next summer, as it completes the second and final phase of its £1.3bn Terminal 2 transformation. The line-up of food and beverage outlets will include The Great Northern Market, a new JD Wetherspoon pub, a Joe and the Juice…
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Aug- 2024 -14 AugustNews
Today’s news in brief – 14/08/24
Starbucks has appointed Brian Niccol as its new incoming CEO from 9 September this year. It comes as Laxman Narasimhan is stepping down from the role with immediate effect. In the meantime, CFO Rachel Ruggeri will serve in an interim capacity. Niccol currently serves as chairman and CEO of Chipotle…
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14 AugustPeople
Starbucks appoints Chipotle boss as new CEO
Starbucks has announced the appointment of Brian Niccol to the role of chairman and CEO, effective from 9 September this year. The news comes as Laxman Narasimhan is stepping down from his role as CEO and as a member of the board with immediate effect. In the meantime, CFO Rachel…
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Jul- 2024 -19 JulyCafes and Coffee Shops
Cooks Coffee appoints new UK-based board members
Cooks Coffee Company, the international coffee-focused café chain, that operates Esquires, the Organic Coffee Company in UK and Ireland has appointed Gareth Lloyd-Jones and Gordon Robinson as non-executive directors. The news comes after New Zealand based non-executive board member Mike Hutcheson resigned after more than 10 years on the board.…
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10 JulyCatering Companies
SSP Group maintains profit guidance as Q3 sales rise 16%
The operator of F&B outlets in travel locations, SSP Group, has revealed its full-year guidance will remain unchanged as it recorded a sales rise of 16% during the third quarter to 30 June. It comes as the group’s like-for-like sales grew 6% during the period off the back of its…
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May- 2024 -2 MayNews
Today’s news in brief – 02/05/24
Starbucks net revenues declined 2% to $8.6bn (£6.8bn) during Q2. The group’s global sales also declined 4% during the period, with North America and US comparable store sales declining 3%, while international sales declining 6%. Net revenues for the International segment declined 5% in Q2 FY24, primarily driven by an…
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2 MayCafes and Coffee Shops
Starbucks revenues dip 2% to $8.6bn in Q2
Starbucks net revenues declined 2% to $8.6bn (£6.8bn) during the 13 weeks ended 31 March. The group’s global sales also declined 4% during the period, with North America and US comparable store sales declining 3%, while international sales declining 6%. Net revenues for the North America segment of $6.4bn (£5.1bn)…
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Apr- 2024 -4 AprilNews
Today’s news in brief – 04/04/24
Food price inflation in hospitality is more than double the rate seen in the retail sector despite steady easing over the last 12 months, the CGA Prestige Foodservice Price Index has revealed. In March 2023, the level of food inflation in hospitality and retail briefly converged at 19%. However, while…
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4 AprilCafes and Coffee Shops
Starbucks to open 100 new sites in FY24 amid sales growth
Starbucks UK plans to open an additional 100 new sites in FY24, as total revenues rose 21.9% to £547.7m for the year to 1 October 2023. The group reported that “strong and resilient” revenue growth continued during 2023, even with challenging economic headwinds in the UK. As a result, the…
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