Refresh your Spirit with Star Bucks Coffee - The Coffee Queen

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A day without a cup of coffee does not exist for many people in this world. A refreshing time with the best coffee makes a great day and the credit goes to one of the most loved coffee brands “Starbucks”. The brand becomes very popular with its ambiance and bringing new trends in the coffee flavors with blended coffee.

Starbucks headquarters is in Seattle, Washington. The coffee brand was started in the year 1971 by Jerry Baldwin, Siegl, and Gordon Bowker at Seattle’s Pike Place Market as a retailer of ground coffee, tea, and spices in a single store. In 1981 Howard Schultz had coffee in this store and was inspired by its taste and joined Starbucks. Later in 1983 he went on a trip to Milan, Italy, and got an idea to bring a conversation with a sense of community to coffee bars of America. In 1987 Howard purchased Starbucks with the help of some investors and changed it to a coffee shop serving espresso-based drinks. Most of the star bucks store is connected with free wifi.

Starbucks serves hot and cold coffees, whole bean coffee, micro-ground instant coffee, espresso, café latte, juices, Frappuccino beverages, pastries, and snakes. 

In an aim to expand the Business Schultz decided to franchise the coffee brand in Seattle, Columbia, Chicago, and many other places. In 1989 around 46 stores were operating across Pacific Northwest and Midwest. 

In 1994 Starbucks acquired “The Coffee Connection” right to sell “Frappucino” which will come under the Starbucks Brand.

In 2003 Starbucks acquired Seattle’s Best Coffee and Torrefazione Italia for $72million

In 2006 rival Diedrich coffee sold all its business to star bucks. In 2008 Starbucks acquired Coffee Equipment Company the manufacturer of Clover Brewing system; it was a fresh-pressed coffee system. During the recession, the company closed most of its stores and stopped expanding its business in the U.S. Several Stores were closed in Australia due to huge losses.

In 2013 Starbucks started to post the calorie counts on all the stores. In 2017 acquired 50% of the stakes from Chinese venture, Uni-President Enterprise Corporation, and President's chain store for $1.3billion.

In 2020 during the pandemic suffered a huge decrease in their sales and a 50% loss in china markets.

Investors of Starbucks

Vanguard is one of the world’s largest investment companies, it holds 7.7% shares of star bucks with a market value of $6billion. 

Blackrock Inc is the leading asset and investment management company; it holds 7.2% shares of star bucks with a value of $5.5billion.

State Street Corp is also an asset management company holding 4.4% shares of Starbucks with a value of $3.4billion.

Magellan Asset Management Ltd an Australian-based company holding 2.7% of Starbucks with a value of $2.1billion.

Howard Schultz is an American Billionaire and biggest shareholder of Starbucks. He holds 2.9% shares with a value of $2.3billion.

Starbucks Net worth

Based on the revenue and profit, the network of Starbucks is calculated to be$19.729billion. Net income has risen to $1.49 per share.

Today Starbucks is running nearly 32,000 stores in 83 nations with their quality and inviting atmosphere. Due to the pandemic, Starbucks got affected a lot in their business but now it's bouncing back to their growth after 2021. The company is expected to open 55,000 outlets at the end of 2030 with reaching more customers worldwide.

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