Restaurant Franchise Opportunities

Starbucks Mar, 23 2017

Starbucks plans to open 12,000 new stores globally by FY21

Starbuck's shareholders elected Rosalind Brewer, Former President and Chief Executive Officer of Sam's Club; Jørgen Vig Knudstorp, Executive Chairman of the LEGO Brand Group, and Satya Nadella, CEO of Microsoft Corporation, to the Starbucks Board of Direc

By Franchise India Bureau
Starbucks plans to open 12,000 new stores globally by FY21

Seattle-based coffee chain Starbucks, in its 25th Annual Meeting of Shareholders has announced plans to create more than 240,000 jobs globally (68,000 in the U.S.) as it highlighted its growth plans to open 12,000 new stores globally and 3,400 new stores in the U.S. by FY21.

Howard Schultz, Chairman and CEO of Starbucks, said, "Every hour of every day, someone somewhere is walking into one of our 26,000 Starbucks stores in 75 countries around the world. As we approach our 25th year as a publicly traded company, the Starbucks brand is as relevant today as it has ever been, driven by the 330,000 people who proudly wear the green apron."

Schultz said, "As I move into my new role as executive chairman, there is only one person who can lead us into the future. For his skill, his leadership, and above all, his love for the company, I am proud to call Kevin Johnson the next ceo of Starbucks. He is perfectly positioned to lead our brand into the future together with the strongest leadership team and board in the history of Starbucks. And yet, we are still in the early stages of growth as we strive to meet our highest growth aspirations for the company."

The company's shareholders elected Rosalind Brewer, Former President and Chief Executive Officer of Sam's Club; Jørgen Vig Knudstorp, Executive Chairman of the LEGO Brand Group, and Satya Nadella, CEO of Microsoft Corporation, to the Starbucks Board of Directors, among other re-elected directors. The Starbucks Board of Directors now includes a total of 14 members.

Related: ​Starbucks plans to open a Roastery on Piazza Cordusio

Click Here to add Comment
Please add your Comment
Rating
NEWSLETTER SIGNUP

Submit your email address to receive the latest updates on news & host of opportunities.

Sell Business 2017
Sell Franchise 2017
Most

Video

Magazines & Books

Read the latest franchising magazines and books to get comprehensive and up-to-date information on leading franchise systems, trends and more.

Newsletter Signup
Submit your email address to receive the latest updates on news & host of opportunities.
Restaurant India

Copyright © 2009 - 2017 Franchise India Holdings Ltd.

The information contained herein is of generic nature only, and Franchise India is not, by means of this website or any part thereof, rendering professional advice or services. Before making any decision or taking any action that might affect your finances or business, you should consult a qualified professional advisor. Your use of this website or any of its pages or links given, is at your own risk and you assume full responsibility and risk of loss resulting from your usage. With respect to use of the website, kindly visit www.franchiseindia.com/terms.