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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Mar- 2023 -21 MarchNews
Starbucks appoints Laxman Narasimhan as new CEO
Starbucks has announced that its new CEO, Laxman Narasimhan, has officially assumed the role, succeeding founder and now former CEO, Howard Schultz. Narasimhan was announced as the incoming CEO of the company on 1 September 2022. Initially Narasimhan was supposed to take the lead on 1 April but Starbucks announced…
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Feb- 2023 -6 FebruaryNews
Tahir Group becomes largest London KFC operator
Tahir Group has become the largest KFC operator in London after acquiring eight KFC restaurants, previously operated by the Barack Group of Companies, in a deal managed by PKF Smith Cooper corporate finance. The Tahir Group is a multi-brand franchised restaurant and property group based in London. The group has…
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Oct- 2022 -28 OctoberBusiness
Starbucks to open 30 new cafés in Sainsbury’s this year
Starbucks has announced the expansion of its partnership with Sainsbury’s across the UK, with plans to open 30 new Starbucks cafés within Sainsbury’s stores by the end of 2022. The announcement comes as Sainsbury’s and Starbucks are celebrating the launch of its 50th Starbucks café in partnership together, located in…
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Sep- 2022 -2 SeptemberPeople
Starbucks names Laxman Narasimhan as new CEO
Starbucks has announced that Laxman Narasimhan will become the company’s next chief executive officer (CEO) and a member of the Starbucks board of directors, joining as incoming CEO on October 1 2022. Narasimhan will relocate from London to the Seattle area and will work closely with Howard Schultz, interim CEO,…
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Aug- 2022 -25 AugustCatering Companies
SSP secures deal to open three units at Berlin Airport
SSP Group has secured a deal which will see its “world-leading” brands, Starbucks and Burger King, operate at the Berlin Brandenburg Willy Brandt Airport Terminal 1. It is reported that Starbucks and Burger King will both feature as part of the airport’s mezzanine airside food-court, with The Burger King unit…
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May- 2022 -26 MayBusiness
Starbucks to exit Russia
Starbucks has announced it will exit Russia and no longer have a brand presence in the Russian market, following the ongoing conflict in Ukraine. The company said it will continue to support the nearly 2,000 green apron partners it has in Russia. This includes paying staff for the next six…
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24 MayBusiness
SSP revenues surge 212.9% as travel rebounds
The SSP Group has reported its revenues surged 212.9% year-on-year to £803.2m for the six month period ended 31 March 2022 (H2), recovering “strongly” with 64% growth compared to pre-Covid levels as the travel sector rebounds. SSP operates brands such as Upper Crust and Ritazza, as well as franchises for…
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Mar- 2022 -28 MarchCafes and Coffee Shops
Starbucks UK revenue soars 35% in FY21
Starbucks has announced that UK revenues rose by 35% to £328m in the full-year ending 3 October 2021, largely driven by the recovery of sales in both company owned stores and franchised stores following the pandemic. Profit before tax hit £13.3m, up from a £41m loss reported in FY20, despite…
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Feb- 2022 -21 FebruaryRestaurants
Battersea Power Station unveils first set of hospitality venues
Battersea Power Station has unveiled its first tranche of cafés, bars and restaurants set to open their doors inside the grade II listed power station from September 2022. Visitors will be able to choose from a variety of British and international eateries with Le Bab, Where The Pancakes Are, Poke…
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Nov- 2021 -25 NovemberComment
Food service innovations that will change the future
Food service is one of the hottest areas of digital innovation today. Over the past decade we’ve seen the rise of cashless payment, mobile booking, delivery apps and loyalty schemes. And the pace of food service innovation is only increasing, with the challenges of the pandemic bringing new ideas to…
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