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Starbucks' Mobile App Dilemma: New CEO Brian Niccol's Task to Find a Solution

In the bustling world of coffee consumption, Starbucks faces a new challenge that threatens to overshadow its legendary status as the premier destination for caffeine enthusiasts. As incoming CEO Brian Niccol prepares to take the helm on September 9, he confronts a daunting task: resolving the mobile......

Starbucks Chief Executive Resigns Amidst Declining Sales and Rising Boycotts

In a significant shake-up at the helm of one of the world's most recognizable coffee chains, Starbucks has announced the departure of its Chief Executive Officer after less than two years in the position. This sudden change comes amid a backdrop of declining sales and a global customer boycott linked......

McDonald’s in Morocco: A 35% Customer Decline Amid Boycotts and Global Sales Slump

In a striking development, McDonald’s outlets in Morocco have witnessed a dramatic 35% decline in customer visits over the past eight months, according to sources cited by local media. This significant drop underscores the multifaceted challenges the fast-food chain is currently grappling with,......

Starbucks Explores New Ownership for MENA Franchises

In an exclusive report by Reuters, coffee giant Starbucks is currently in discussions to transfer a portion of its franchise rights in the Middle East, North Africa, and Central Asia to US investment firm Apollo Global Management. Presently, the Kuwaiti conglomerate Alshaya oversees nearly 2,000 Starbucks......

Starbucks Stock Decline Amid Controversies and Sluggish Holiday Sales

Starbucks Corporation finds itself navigating turbulent waters this holiday season. The global coffee giant has witnessed a nearly 9% drop in its stock price over the past three weeks, resulting in a substantial $10.8 billion loss in market valuation. The descent began on November 16th, marking the......

Starbucks Faces $11 Billion Plunge Amidst Strikes, Boycotts, and Sales Slump

Starbucks is facing a perfect storm of financial woes, with its stock enduring a record 11-day plunge, wiping out $11 billion in market value. The coffee giant has been battered by sluggish sales, ineffective marketing campaigns, labor unrest, and political backlash. The recent decline represents the......

Alshaya Group Denies Rumors of Morocco Withdrawal

The Alshaya Group has unequivocally refuted recent reports suggesting a potential withdrawal from Morocco. Responding in writing, the organization dismissed rumors surrounding the possible closure of Starbucks coffee shops and H&M ready-to-wear outlets. The group's spokesperson emphasized an......