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☆ A fast-changing Chinese coffee market awaits Starbucks CEO Brian Niccol
▼ + stars: | 2024-11-01 | by ( Eunice Yoon | ) www.cnbc.com time to read: +4 min

In this article SBUX Follow your favorite stocks CREATE FREE ACCOUNTPeople seen around the Starbucks coffee store in Shenzhen, China. Costfoto | Nurphoto | Getty ImagesThe formerly Nasdaq-listed Luckin Coffee ran into accounting issues and went through a de-listing. Starbucks has an express version of its coffee stores in China called Starbucks Now, where most patrons order drinks on the app for pick up. Competition from everywhereOn top of the Chinese coffee rivals, Starbucks is competing with a host of other local chains on tea. With more and more Chinese wanting a daily java fix, grab-and-go coffee is becoming widely available at tea chains and convenient marts.

Persons: Jakub Porzycki, Brian Niccol, Niccol, CNBC's Andrew Ross Sorkin, Price, Zhang Peng, Auntea Jenny, Mixue, Jenny, Tim Hortons Organizations: Nurphoto, Starbucks, Nasdaq, Shanghai Starbucks, Lightrocket, Getty, KFC Locations: Shenzhen, China, Shanghai, Cotti, Beijing, Luckin, Costa Coffee

☆ How Coca-Cola is using the Olympics to reach Gen Z as the beverage giant nears 100 years of sponsoring the Games
▼ + stars: | 2024-07-24 | by ( Tiara White | ) www.businessinsider.com time to read: +5 min

Read previewThe Coca-Cola Company is leveraging the 2024 Paris Olympics to connect with Gen Z as it approaches 100 years of sponsoring the Games. In Paris, Coca-Cola organized six free concerts to appeal to younger audiences during the 2024 Olympic Games and Paralympic torch relays. Though the company said it considers Gen Z when creating campaigns, its Olympics marketing caters to all audiences. The Coca-Cola CompanyCola-Cola chose the athletes it's working with based on whether they share the same values as its campaign, "Celebrating Everyday Greatness." As such, Ross said an athlete doesn't have to be a gold medalist or have a huge social-media reach.

Persons: —, Powerade, Brad Ross, Ross, Brooke Raboutou, Jordyn Barratt, Simone Biles, Katie Ledecky, Bianca Costa, Angela Ruggiero, Sarah Rice, Athing Mu, Alex Morgan, doesn't, Manolo Arroyo Organizations: Service, Cola Company, Games, Business, Cola, Paris Games, International Olympic Committee, North America, Olympics, Olympic Games, US Olympic, Coca, Olympic, Paralympic Games Locations: Costa Coffee, Paris, North, Lujipeka, Costa, South Africa, New Zealand, France, India, US

☆ I walked away from a successful career because it was lonely. Here's how I pivoted and found my dream job.
▼ + stars: | 2024-02-06 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +6 min

Louise Dean wrote four novels but found writing lonely and needed to work in a team. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementThis as-told-to essay is based on a transcribed conversation with prize-winning author Louise Dean about running a business instead of writing. Before I became an author, I thought you had to be funny and clever to write a novel. Working alone at my desk was isolatingOver the next two decades, I was in a cycle of writing novels and raising kids.

Persons: Louise Dean, Dean, she's, —, I'd, Simon & Schuster, Booker, Betty Trask, Le Prince Maurice, that's, weren't, I've Organizations: Service, Bookseller, Penguin Random, Costa Locations: New York, France, Northern Ireland, Nice, Belfast

☆ Expect to see retailers selling more 'green' meatballs instead of fake meat, the founders of one of the world's biggest vegan recipe channels say
▼ + stars: | 2024-01-18 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

expect retailers to start stocking more "green" meatballs and bean burgers in place of fake-meat products amid rising concerns about ultra-processed foods. Plant-based meats are generally regarded as healthier than meat products because they're typically lower in fat and higher in fiber. "We're not sure that the demand is going to be there for those products," Firth said. Firth added that he expected plant-based meat manufacturers to increasingly focus on having cleaner labels by reducing the number of ingredients. "So I think moving forward we'd like to see more plant-based options that don't even have to shout about being plant-based or vegan.

Persons: —, Henry Firth, Ian Theasby, Firth, they're, We're, it's, Theasby, doesn't, They're Organizations: Service, Business, Bosh, Costa Coffee

☆ Coca-Cola raises full-year outlook as earnings beat estimates
▼ + stars: | 2023-07-26 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

Coca-Cola on Wednesday raised its full-year outlook after reporting earnings and revenue that topped estimates. For 2023, Coke now expects comparable earnings per share growth of 5% to 6%, up from its prior forecast of a 4% to 5% rise. The company's three drinks divisions all reported flat growth for the quarter, but there were some bright spots. Coke Zero Sugar's volume rose 5%, thanks to strong demand in North America and Latin America. Ultra-filtered milk brand Fairlife saw strong growth in the U.S. Coke's coffee division also reported volume growth of 5%, fueled by Costa Coffee's performance in the United Kingdom and China.

Persons: Coke, Costa Organizations: Refinitiv, PepsiCo, Worldwide, U.S, Latin America Locations: San Rafael , California, North America, Latin, U.S, United Kingdom, China

☆ Costa Coffee raises UK staff pay for third time in a year
▼ + stars: | 2023-03-06 | by ( ) www.reuters.com time to read: +1 min

LONDON, March 6 (Reuters) - Costa Coffee has followed rival Pret A Manger in raising pay for its British store staff for the third time in a year. The UK government-mandated National Living Wage will rise to 10.42 pounds an hour from April, an increase of 9.7%. Costa Coffee said its latest rise takes the increase over the last 12 months to over 14%. Rival Pret announced another pay rise for its staff last week, while food retailers Tesco (TSCO.L), Asda and Marks & Spencer (MKS.L) have also all recently announced increases. Costa Coffee said it also provides workers with a store performance related bonus, free drinks while on shift and a 50% staff discount.

☆ British business is grinding to a halt on Monday for the Queen's funeral, with most big chains closing
▼ + stars: | 2022-09-17 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Supermarkets, fast food chains, gas stations, and cinemas across Britain will close on Monday. Sign up for our newsletter to receive our top stories based on your reading preferences — delivered daily to your inbox. Gas stations operated by the supermarket chains will also close, with some reopening after 5pm. KFC will also close many of its restaurants until after the funeral has taken place, it said on its website. The British Retail Consortium has published a list of chains not opening on Monday here.

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