Starbucks released a new line of olive oil-infused coffee drinks across the company's 25 Italy locations. The company plans for the U.S. to get a taste of the new drinks this spring.
of tightening consumer demand. The “Oleato,” which is named after the Italian word for “with oil,” will come to the U.S. this spring, starting in California.
Schultz is launching the new coffee line ahead of his April departure as interim CEO. Incoming chief executive Laxman Narasimhan, though Schultz, 69, will maintain his board seat and act as an ambassador for the Oleato brand. Starbucks’ olive oil coffee comes as the company continues to navigate a tough macro environment, though Schultz has maintained optimism. He noted that the company has added roughly $40 billion to its market cap since he started as interim CEO.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Starbucks CEO Howard Schultz calls new olive oil coffee drinks 'transformational'The introduction of new olive oil-infused coffee drinks at Starbucks is a 'transformational moment' for the company, CEO Howard Schultz told CNBC's Jim Cramer
Read more »
Howard Schultz: Unions 'a manifestation of a much bigger problem' | CNN BusinessFifteen years ago, Howard Schultz reprised his role as Starbucks CEO, returning to the helm to help put the struggling company back on course. At the time, the coffee chain was flailing, facing growing competition, cooling customer interest and contending with the financial crisis.
Read more »
Starbucks' Schultz highlights the Club case for investing in the coffeemakerInflation has not proven to be a significant headwind to Starbucks (SBUX) and the coffeemaker should see an uptick in business as China's economy reopens, the CEO said.
Read more »
Starbucks Is Launching Olive Oil-Infused Coffee in Italy, Plans U.S. Release This SpringCEO Howard Schultz teased the release on Starbucks’ earnings call, calling it “alchemy” and a “game-changer.”
Read more »
Starbucks CEO 'shocked' to hear of 'fracturing trust in government' and companiesHoward Schultz, the CEO of U.S. coffee giant Starbucks, returned to his role again as the company faces a growing wish among employees to unionize. Schultz told CNN that he believes 'the efforts of unionization in America are in many ways a manifestatio...
Read more »