December 26, 2012 |
WASHINGTON -- When Obama administration officials and congressional lawmakers take a break from their wrangling over the "fiscal cliff" to grab some Starbucks coffee, they'll get a message right on their cup imploring them to strike a deal. Employees in Starbucks Corp.'s Washington stores will write "Come Together" on customers' cups in hopes of pushing policymakers to avoid the tax increases and federal spending cuts coming on Tuesday. "Rather than be bystanders, we have an opportunity -- and I believe a responsibility -- to use our company's scale for good by sending a respectful and optimistic message to our elected officials to come together and reach common ground on this important issue," Starbucks Chief Executive Howard Schultz said on the company's blog Wednesday.
December 25, 2012 |
McDonald's won't be the only restaurant chain with a presence on Christmas Day, as other chains open their doors to consumers who don't celebrate the holiday or are doing so without home-cooked food. “Denny's is always open, including all 24 hours of Christmas Day,” the diner chain said in a statement. In 2011, the company's restaurants served more than 1.5 million guests on Dec. 25 -- the busiest day of the year for the second straight year. The most trafficked Christmas hours for Denny's?
CALIFORNIA | LOCAL
December 19, 2012 |
Ventura County prosecutors said Tuesday that they will not pursue a criminal case against a Los Angeles County sheriff's deputy who killed a man when he drove his SUV into a Fillmore Starbucks. The deputy, Michael Cedarland, suffered a seizure at the wheel and lost consciousness before crashing into the coffee shop on Dec. 13, 2011, said Kim Gibbons, the deputy district attorney handling the case. His blackout would "mandate an acquittal," Gibbons said, because it stemmed from a sudden illness rather than from a voluntary action such as excessive drinking.
December 17, 2012 |
That's quite a caffeine high: Between Peet's Coffee & Tea and now Caribou Coffee Co., German conglomerate Joh. A. Benckiser will pay more than $1.3 billion this year for joe. On Monday, Benckiser said it will shell out $340 million for Minneapolis-based Caribou. In July, Benckiser said it would spend $974 million to buy Emeryville, Calif.-based Peet's. The German giant also controls makeup maker Coty and luxury goods company Labelux, which owns shoe brand Jimmy Choo. To acquire Caribou, an affiliate of Benckiser will pay $16 a share, a 30% premium to Caribou's closing price Friday of $12.32 a share.
December 7, 2012 |
Starbucks raised eyebrows when it recently started offering coffee for $7 a cup. But that's nothing compared to a brew that goes for a hefty $50 per serving. Why does this coffee cost so much? Because the beans first have to be eaten, digested and then pooped out by an elephant. Apparently that's an exotic enough process to fetch a price of $500 a pound, making this one of the world's most expensive blends. The coffee is called Black Ivory and hails from Thailand. It was unveiled last month at a handful of luxury hotels catering to, well, the sort of people who can afford a $50 cup of joe. Quiz: The year in business "When an elephant eats coffee, its stomach acid breaks down the protein found in coffee, which is a key factor in bitterness," Blake Dinkin, who has spent $300,000 developing the coffee, told the Associated Press . "You end up with a cup that's very smooth without the bitterness of regular coffee.
December 6, 2012 |
Major expansion plans brewing at Starbucks Coffee Co. will stretch the Seattle java giant by adding about 2,400 outlets in two years to give it more than 20,000 stores on six continents. The company also plans to renovate thousands of locations in the region, executives said at the company's biennial investor conference Wednesday. And Starbucks said it is on track to double its system of delivering packaged goods to grocery stores and other vendors to create a revenue stream that eventually would rival the size and profitability of its café locations.
December 5, 2012 |
If you're a gift-card giver and have a Starbucks fan on your list, here's what might be the ultimate holiday present: Starbucks' $450 stainless steel gift card. The card is $400 of Starbucks credit, with an additional $50 tacked on for the cost of the card itself. The Starbucks Metal Card will be available at the shopping website Gilt.com starting at 9 a.m. Pacific time on Friday, until the supply of 5,000 cards is sold out. Starbucks is getting all kinds of fancy, first with its $7 cup of coffee, and now with its limited edition Metal Card that includes gold level membership for the Starbucks rewards program.
December 5, 2012 |
Starbucks is now offering a gift card for $450 -- $400 to fill the card with store credit and $50 toward the sleek, stainless steel card itself. The limited-edition Starbucks Metal Card is available through membership-based e-commerce site Gilt.com starting at 9 a.m. PST on Friday. The fancy card, which is reloadable, comes with automatic My Starbucks Rewards Gold membership, which involves occasional freebies. Current rewards program members will have access to a Thursday pre-sale for the 5,000 steel cards available.
December 5, 2012 |
Get ready for two new Starbucks stores a day for the next four years - the Seattle coffee giant isn't joking around about its ambitious growth plans. By 2017, the chain plans to open more than 3,000 net new locations in its Americas region, half of them in the U.S. Thousands more will be freshly renovated, executives said at the company's biennial investor conference Wednesday. The already-massive company intends to have more than 20,000 retail stores on six continents by 2014.
November 29, 2012 |
Some coffee aficionados have a difficult decision to make: Spend $7 on a full lunch or on a single cup of Starbucks coffee? The brew in question: the Seattle giant's new Costa Rica Finca Palmilera, its most expensive offering ever and also one of its rarest. The coffee is part of the company's Reserve line and costs $7 for a grande - a 16-ounce cup. An 8-ounce package of beans costs $40. The uber-premium beans and brew are available only in 46 Starbucks stores in Portland and Seattle, a licensed store in Idaho and Starbucks' Roy Street Coffee & Tea offshoot in Washington.