2. INTRODUCTION
American coffee company and coffeehouse
chain.
Founded by-Jerry Boldwin, Zev Siegl, Gordon
Bowker.
Founded on 31st March 1971 headquatered at
Seattle Washington US.
Other products are-coffee
beverages,smoothies,tea,baked goods,
sandwiches.
Spread over 28218 number of locations.
3. IDEA GENERATION
Starbucks was opened by three partners Jerry Baldwin, Zev Sigel, Gordon
Bowker.
They met at the University of San Francisco where they are students.
They got inspiration to sell high quality coffee beans when coffee roasting
entrepreneur Alfred Peet start to taught them his style of roasting beans.
Bowker Recalls that Terry Heckler with whom Bowker owned and
advertising agency, thought words beagening with “ST” were powerful.
Then the founder wants to names starts with “ST” , they search and found
a name “STARBO”, which is a mining town in the Cascade range.
From their the group remembered “STARBUCK”, the name of chief mate
in the book Moby-Dick.
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6. FUND MANAGEMENT
Starbucks Crop is investing $100 million to promote companies
developing New Technologies and products for the food and retail
industry.
Starbucks is the latest U.S. food company to invest in start-up's. The
largest U.S. meat producer, Tyson Foods, Started a fund called “Tyson
Ventures” in 2016 to in the business.
The company’s shares are up about 11 percent since the beginning of
the year, compared with a 13 percent gain in the S&P 500 Index.
Starbucks reaffirmed its longer-term revenue and profit targets and
said it would buy back $2 billion in shares, as part of a commitment to
return $25 billion to shareholders through 2020.
7. CURRENT SCENARIO
• Today Starbucks is the largest coffeehouse company in the world,
with 27,339 retail locations as of the first quarter of 2018
• Starbucks’ Total Revenue in 2019 was recorded at $6.3 billion, up
4.5% year-on-year
• The company opened 319 net new stores in 2019, which takes them
to 30,184 stores at the end of the quarter, a 7% increase over the
prior year. Further, 94% of net new store openings were outside of
the U.S.