Starbucks China Will Require Purchases to Sit in Its Cafes
Starbucks Corp. will require customers to make a purchase to sit in its China cafes, part of a push to revive its fortunes in the competitive mainland market.
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Starbucks Corp. will require customers to make a purchase to sit in its China cafes, part of a push to revive its fortunes in the competitive mainland market.
Bloomberg's Daniela Sirtori joins Scarlet Fu on "Bloomberg Deals." Starbucks said it’s not buying Chipotle Mexican Grill, tamping down speculation about what could have been one of the restaurant sector’s largest-ever deals. (Source: Bloomberg)
Shares of Chipotle Mexican Grill jumped after the Financial Times reported that Starbucks Corp. has worked with advisers in recent months on a takeover proposal for the burrito chain. The status of the takeover plans couldn’t be immediately learned and a mega deal of this size might never get off the ground, the FT said, citing people familiar with the matter. Brian Niccol, Starbucks’ chief executive officer since 2024, previously spent six years as the top executive at Chipotle, where he spearheaded a period of rapid growth. For more, we speak with Redd Brown, Bloomberg News Consumer Reporter. (Source: Bloomberg)
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Jess Menton, Carol Massar and Stacey Vanek Smith. (Source: Bloomberg)
Chipotle Mexican Grill shares jumped after the Financial Times reported that Starbucks has reportedly worked with advisers in recent months on a takeover proposal for Chipotle, according to the Financial Times. Starbucks Chief Executive Officer Brian Niccol previously spent six years as the top executive at Chipotle. Michael Halen of Bloomberg Intelligence has more. (Source: Bloomberg)
“Morally bankrupt”? Was Michigan Republican John Moolenaar talking about himself? Last week, the chairman of the House Select Committee on China demanded that Starbucks “immediately reverse course and close its stores”. The coffee chain’s crime? It opened two stores in Urumqi – the capital of Xinjiang Uygur autonomous region – in the city centre’s Grand Bazaar and its international airport. The way Moolenaar talked about it, you would think Starbucks was committing genocide and crimes against...
Beijing has hit back at a US lawmaker’s criticism of coffee chain Starbucks for opening its first stores in Xinjiang, rejecting the allegation that China has committed human rights abuses against the far-western region’s mostly Muslim Uygur population. Foreign ministry spokesman Guo Jiakun on Saturday said claims of “genocide” in Xinjiang were a “blatant lie” and accused the “US group” who raised the suggestions of attacking Beijing for political purposes. “Today’s Xinjiang enjoys social...