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    Starbucks
    Coffee industry

    Starbucks

    United States flagUnited States
    Founded 1971-03-30 Seattle, Washington, United States CEO: Brian Niccol
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    About

    Starbucks started as a single coffee bean shop in Seattle's Pike Place Market in 1971. Founders Jerry Baldwin, Zev Siegl, and Gordon Bowker focused on selling high-quality beans. The company transformed under Howard Schultz, who bought it in 1987 and shifted to espresso-based drinks. Schultz served as CEO from 1986 to 2000, driving rapid expansion across the West Coast and beyond. By November 2022, Starbucks operated 35,711 stores in 80 countries, with nearly 16,000 in the United States. It remains the largest coffeehouse chain globally, ranking 120th on the Fortune 500 and 303rd on the Forbes Global 2000. The chain helped define the second wave of coffee culture, offering a wider coffee experience. Its menu includes hot and cold drinks, whole-bean coffee, espresso, lattes, teas, Frappuccinos, pastries, and snacks. Many locations offer free Wi-Fi. Starbucks has faced controversies over business practices but maintains strong brand loyalty and market share.

    Products & Sub-brands

    Espresso beveragesFrappuccinosCold brewTeavana teasBreakfast sandwichesPackaged coffee beansStarbucks RewardsMerchandise

    Frequently Asked Questions

    Who owns Starbucks?
    Starbucks is a publicly traded company (NASDAQ: SBUX). Its largest shareholders are institutional investors like The Vanguard Group, BlackRock, and State Street. No single individual owns a controlling stake; Howard Schultz is the largest individual shareholder with about 2% of shares.
    Who is the CEO of Starbucks?
    As of September 2024, the CEO is Brian Niccol, former CEO of Chipotle Mexican Grill. He replaced Laxman Narasimhan, who served from March 2023 to August 2024. Howard Schultz served multiple non-consecutive terms as CEO.
    How much is Starbucks worth?
    As of late 2024, Starbucks’ market capitalization is approximately $100–110 billion. Its annual revenue for fiscal 2023 was $35.98 billion, and its brand value is estimated at over $60 billion by Interbrand.
    Starbucks vs Dunkin’ – which is better?
    Starbucks offers a premium, customizable coffee experience with a wide range of espresso-based drinks and seasonal offerings, while Dunkin’ focuses on affordability, speed, and drip coffee. Starbucks has higher prices and a stronger brand, but Dunkin’ has more locations in the US (over 13,000 vs 16,000 Starbucks).
    Is Starbucks still in business?
    Yes, Starbucks is very much in business. As of 2024, it operates over 35,700 stores globally and remains the world’s largest coffeehouse chain. Despite recent sales declines and union challenges, it continues to open new stores and innovate its menu.

    Keywords

    StarbuckscoffeecoffeehouseSeattleHoward SchultzFrappuccinoPumpkin Spice LatteStarbucks RewardsunionizationBrian Niccol

    Company Info

    Founded
    1971-03-30
    Founder
    Jerry Baldwin, Gordon Bowker, Zev Siegl
    CEO
    Brian Niccol
    Headquarters
    Seattle, Washington, United States
    Industry
    Coffee industry
    Revenue
    35980000000
    Employees
    402000

    Official Website

    www.starbucks.com/

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