The Latest Breaking News from Laxman Narasimhan

The company also said it plans to open 2,000 net new stores in the U.S. by 2025, with an emphasis on meeting the growing demand for new types of service, including drive-thru, mobile ordering and delivery.

The top job at the UK’s most valuable company is changing hands at the end of the year

Stock futures add to gains ahead of inflation data; Headline CPI may tumble, but core likely sticky; Peloton slides as co-founders depart; Oracle bumps higher on cloud revenue forecast and Starbucks investor day to guide new CEO strategy.

Starbucks Corp. (NASDAQ: SBUX) shares spiked more than 3% on Wednesday in tandem with the S&P 500, which was trading up about 0.8%.

Surprise move to Seattle comes as global coffee chain faces unionisation drive

Laxman Narasimhan is swapping Slough for Seattle and takes up the top job there in April

“Laxman is an inspiring leader with deep, hands-on experience driving strategic transformations at global consumer-facing businesses," said Starbucks.

Stock futures flat as jobs data looms; Wage growth in focus as hiring slows, but remains firm; Starbucks taps Reckitt CEO to replace interim boss Schultz; Lululemon shares leap on Q3 earnings, 2022 outlook and Broadcom defies chip gloom with earnings beat, bullish forecast.

Laxman Narasimhan will join Starbucks on October 1, replacing Howard Schultz, who will continue as interim chief until April 2023. Full story on Dynamite News: