Starbucks Corporation is an American coffee company and coffeehouse chain. Starbucks was founded in Seattle, Washington in 1971. As of November 2016, it operates 23,768 locations worldwide.
Starbucks has promised to hire 10,000 refugees over five years in response to Donald Trump’s executive order temporarily barring refugees access to the US and banning entry for anyone from seven majority Muslim countries. The move came as leading US companies including Alphabet, Amazon, Ford, Goldman Sachs and Microsoft came out against the policy. Howard Schultz, the coffee chain’s chief executive, said he had “deep concern” about the president’s order and would be taking “resolute” action, starting with offering jobs to refugees.
Coffee giant Starbucks said Brexit’s impact on consumer confidence, as well as a drop in the number of people visiting the high street, is to blame for a plunge in UK profits.
Howard Schultz (Business)
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