About Starbucks Corporation (SBUX)

Company Description:

Starbucks Corporation, a renowned name in the coffee industry, operates as a roaster, marketer, and retailer of specialty coffee globally. Founded in 1971, Starbucks has revolutionized the coffee shop concept, turning it into a place of community and connection.

The company was founded by Jerry Baldwin, Zev Siegl, and Gordon Bowker on March 30, 1971, and is currently headquartered in Seattle, Washington, United States.

Main Product(s):

Starbucks is primarily known for its wide range of coffee and espresso products. In addition to coffee, the company offers a variety of pastries, snacks, and other beverages.

Short History of Starbucks Corporation:

• 1971 – Starbucks was founded in Seattle, WA.
• 1982 – Howard Schultz joined Starbucks and later became the director of retail operations and marketing.
• 1987 – Schultz acquired Starbucks and expanded it aggressively.
• 1992 – Starbucks completed its initial public offering (IPO).
• 2000 – Howard Schultz stepped down as CEO but remained Chairman.
• 2008 – Schultz returned as CEO during the economic recession to reinvigorate the company.
• 2018 – Schultz stepped down from his role as Executive Chairman.