Investment in Sicilian Olive Oil Plantation by Former Starbucks CEO

Former Starbucks CEO Howard Schultz invests in a Sicilian olive oil plantation, creating a new drink called Oleato. His involvement with Starbucks post-retirement has caused tension with the current CEO and activist hedge fund Elliott Management. The investment has raised corporate governance concerns.

Rise of Coffee Culture in China

China has surpassed the United States in the number of branded coffee shops, with a growing coffee culture driven by domestic chains like Luckin and incorporating traditional Chinese ingredients. The market is evolving as more people turn to coffee for its caffeine kick amidst job pressures.

Hidden Camera Scandal at Starbucks

A man in California secretly recorded over 90 people, some as young as 4 years old, with a hidden camera in a Starbucks bathroom. The suspect was apprehended with an arsenal of guns and illegal surveillance equipment.

Nestlé Recalls Starbucks Mugs Due to Injuries

Nestlé is recalling over 440,000 Starbucks mugs due to reports of injuries like burns and cuts. The ceramic mugs with metallic coating were sold as part of a 2023 holiday Starbucks-branded gift set.

Starbucks Layoffs in Middle East

Starbucks franchisee in the Middle East fires 2,000 workers due to ongoing Israel-Hamas conflict. The layoffs represent just over 10% of its staff.