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Howard Schultz

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Gender Male
Age 71
Date of birth July 19,1953
Zodiac sign Cancer
Born Brooklyn
New York
United States
Net worth3. 5 billion USD (2019)
Forbes
Spouse Sheri Kersch Schultz
Children Eliahu Jordan Schultz
Addison Schultz
Job Entrepreneur
Businessperson
Screenwriter
Television producer
Books From the Ground Up: A Journey to Reimagine the Promise of America
For Love of Country
Knowing Yourself - Poems on Life - The Good and the Bad: Poems for the Average Person
Onward: How Starbucks Fought for Its Life Without Losing Its Soul
Pour Your Heart into It
From the Ground Up: My Journey to Reimagine the Role of a Global Business
Official site howardschultz.com
Parents Fred Schultz
Elaine Schultz
Siblings Ronnie Schultz
Michael Schultz
Education Northern Michigan University
Canarsie High School
FoundedMaveron
NationalityAmerican
Date of Reg.
Date of Upd.
ID467730
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Howard Schultz Life story


Howard D. Schultz is an American businessman and author who served as the chairman and chief executive officer of Starbucks from 1986 to 2000, from 2008 to 2017, and as interim CEO from 2022 to 2023. Schultz also owned the Seattle SuperSonics basketball team from 2001 to 2006.

Starbucks explores UK business sale, reports say

Jul 18,2022 7:10 am

Starbucks is reportedly exploring a potential sale of its UK business as it faces increasingly tough competition and changing customer habits.

However, a " formal sales process" has not been started, according to media reports.

The World 's biggest coffee chain has been hit hard by lockdown measures around The World .

In May, The Company said it is " single-mindedly focused on enhancing our core US business".

The Firm will continue to " evaluate strategic options" for its company-owned international operations, said.

Starbucks has taken on advisers Houlihan Lokey to explore possible options for The Business , it added

The coffee chain did not immediately respond to a BBC request for comment.

Like much of the food and drinks takeaway industry, Starbucks was hit hard by measures to slow the spread of Covid-19.

Along with its rivals, it is also dealing with rising cost as well as having to adapt to customers' Changing Habits as many people shift to hybrid work from home schedules.

The Company is also facing increased competition in the UK from rival coffee chains including Costa, Pret A Manger and Tim Hortons .

Starbucks oversees around 1,000 outlets in the UK, of which about 70% are franchises while The Remainder are owned by The Firm .

The Group is currently in The Process of finding a new permanent chief executive, while former chief executive Howard Schultz took over The Role temporarily.

In the US, The Company has also been dealing with recent efforts by some of its workers to unionise.

In May, Starbucks said it would leave Russia after 15 years in the country due to The War in Ukraine.

The Firm said that it would retreat entirely from the Russian Market , after suspending trading there in March.

Starbucks entered Russia in 2007 and had grown to include 130 coffee shops, owned and operated by a licensee.

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Source of news: bbc.com

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