Connect to share and comment

Starbucks to move Europe base to London, pay more UK tax

LONDON (Reuters) - Starbucks Corp <SBUX.O> said on Wednesday it would move its European headquarters to London from the Netherlands and pay more tax in the UK as a result. The world's largest coffee chain has endured widespread criticism over low tax contributions in Britain, since Reuters reported in 2012 that the company had told the UK tax authority it was lossmaking while informing investors that the British subsidiary was profitable.

Starbucks to relocate European headquarters to UK from Netherlands: The Times

(Reuters) - Starbucks Corp <SBUX.O> said it decided to move its European headquarters to the United Kingdom from the Netherlands following criticism over its low tax payments in Britain last year, The Times reported. The world's largest coffee chain said the relocation was primarily to get closer to Britain, its biggest and fastest-growing market in Europe, the British daily reported, quoting Starbucks' president of Europe, the Middle East and Africa, Kris Engskov. Starbucks was not immediately available for comment.

Business Highlights

___ Congress demands answers on delay in GM recall WASHINGTON (AP) — The piece needed to fix a defective ignition switch linked to 13 deaths would have cost just 57 cents, according to documents submitted by General Motors to lawmakers investigating why the company took 10 years to recall cars with the flaw. Members of a House subcommittee demanded answers Tuesday from new GM CEO Mary Barra about why the automaker used the switch in some of its cars even though it knew the part didn't meet GM's own specifications.

Starbucks bringing back cake slices as pastry makeover hits a glitch

NEW YORK, N.Y. - Starbucks is learning that people really like their sliced cake loaves. The Seattle-based coffee company says it will start bringing back its cake slices in response to customer feedback. The company had been getting rid of the slices that came in banana, iced lemon and pumpkin flavours as part of a staggered rollout of its pricier new baked goods. In their place, Starbucks offered what looked like miniature loaves that cost $2.45, an increase of 20 cents.

Starbucks pastry makeover hits a glitch as customers demand old favourites

NEW YORK, N.Y. - Starbucks' plan to revamp its baked goods is hitting a glitch. The Seattle-based coffee company says it will start bringing back its sliced cake loaves in response to customer feedback. The company had been getting rid of the sliced loaves that came in banana, iced lemon and pumpkin flavours as part of a staggered rollout of its pricier new baked goods. Lisa Passe, a Starbucks spokeswoman, says the company realized that "people really like the familiar, sliced cake." She noted that the cake slices will still carry the higher prices.

Starbucks to expand beer, wine sales at more cafes

NEW YORK, N.Y. - Starbucks plans to turn more of its cafes into a destination for beer and wine in the evenings. The coffee company says it is looking to expand alcohol sales to "thousands of select stores" over the next several years, although it didn't provide details on an exact timeline. The chain first offered beer and wine after 4 p.m. at one of its Seattle cafes in 2010. The drinks are now in about 26 cafes, with plans to reach 40 by the end of the year. The cafes with alcohol also serve a variety of small dishes, such as bacon-wrapped dates and flatbreads.

Oprah gives Starbucks' tea push a shot of celebrity with Oprah Chai

NEW YORK, N.Y. - Starbucks turned its shareholders meeting into an episode of the Oprah Winfrey show on Wednesday. The celebrity talk show host appeared on stage to announce a drink called the Oprah Chai that will be sold at Starbucks cafes starting April 29. The drink will also be available at the small chain of Teavana tea shops Starbucks recently bought.

Oprah appears at Starbucks shareholders meeting to announce her chai tea going on sale

SEATTLE - Starbucks CEO Howard Schultz brought Oprah Winfrey on stage Wednesday at the shareholders meeting in Seattle to announce a drink named after the media mogul. Beginning April 29, customers will be able to walk into Starbucks and Teavana stores across the United States and Canada and order Teavana Oprah Chai Tea. Starbucks will make a donation to the Oprah Winfrey Leadership Academy Foundation for each product sold.

Starbucks gives up exclusive license to high-end Keurig pods

By Phil Wahba (Reuters) - Starbucks Corp will get a wider selection of Keurig Green Mountain Inc's single-serve K-Cup coffee packs, in exchange for giving up the exclusive license for Keurig's highest-end coffee pods, the companies said on Friday. Keurig Green Mountain shares rose 8 percent on Friday to $114.71 on speculation changes to the agreement will open the door for it to secure licenses with other leading coffee brands with which it does not already have such arrangements.

Starbucks adds digital tipping that lets customers give 50 cents, $1 or $2

NEW YORK, N.Y. - Starbucks will soon let customers leave tips with its mobile payment app, which raises the question — how often do people tip their baristas? The coffee chain says the mobile tipping option, which it announced more than a year ago, will be available on its updated app for iPhones starting March 19. The rollout comes as the company's app has surged in popularity, with roughly one out of every 10 purchases now made with a mobile device.
Syndicate content