March 23 at 1:49 p.m.
Filed under:
Beverages,
Food,
Packaged foods,
Restaurants
By Reuters
Starbucks Corp. coffee on a shelf at a grocery store in New York. (Michael Nagle/Bloomberg)
Starbucks Corp. wants to make sales of its coffee and other products in the grocery aisle rival its traditional cafe business, according to Chief Executive Howard Schultz.
The world’s biggest coffee chain is betting it can use the power of its brand to sell a portfolio of goods — such as Via instant coffee and bottled Frappuccino — everywhere food and beverages are sold, whether in a supermarket in the United States or a vending machine in Asia. Get the full story »
Feb. 10 at 3:20 p.m.
Filed under:
Investing,
Retail,
Venture capital
By Reuters
Starbucks CEO Howard Schultz. (AP Photo/Elaine Thompson)
Chicago-based daily deal site Groupon said on Thursday Starbucks Corp Chief Executive Howard Schultz has joined its board of directors and that his venture capital firm has taken a stake in the daily deals website.
Schultz’ firm, Maveron, previously invested in retailers such as zulily, which offers daily deals on clothing geared to mothers and their children, and the lucy activewear chain, which was sold to VF Corp in 2007.
Groupon reportedly got a $6 billion takeover bid from Google in November, which it turned down. Two-year-old Groupon recently completed a $950 million round of financing. Get the full story »
Dec. 14, 2010 at 2:34 p.m.
Filed under:
Beverages,
Food,
Packaged foods
By Reuters
A feud between Starbucks Corp. and Kraft Foods Inc. over supermarket coffee sales has been brewing since at least January — far longer than Kraft has acknowledged — according to email exchanges between their top executives provided by Starbucks.
The rift became public last month, when the Seattle coffee company said it wanted to end its 12-year-old distribution deal with Kraft, which sells bags of Starbucks coffee in supermarkets and other stores. Get the full story »
