who own starbucks

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Mutual Funds Holding Starbucks Corporation

Owner Name Shares % of Shares Out % of Total Assets Managed Change (Shares)
Vanguard Total Stock Mkt Idx Inv 33.65M 2.93% 0.24% 16.77K
Vanguard 500 Index Investor 25.68M 2.23% 0.29% 599.39K
Invesco QQQ Trust 16.66M 1.45% 0.76% 252.84K
SPDR® S&P 500 ETF Trust 12.53M 1.09% 0.27% 59.66K

Apr 26 2022

Howard Schultz
Years active 1986–present
Known for Leadership of Starbucks and co-ownership of Seattle SuperSonics
Title Chief Executive Officer, Starbucks
Term 2022–present

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Answer

Who are the largest shareholders of Starbucks?

Nov 02, 2021 · Who owns Starbucks? The president and CEO of Starbucks is currently Kevin Johnson. He took over his position in 2017, after having served as a board member for the company since 2009.

What companies does Starbucks own?

Oct 13, 2021 · The right answer is, there is no individual owner of Starbucks. Though Kevin Johnson is the current CEO (Chief Executive Officer) and President of Starbucks, he does not own the company. The company is run largely by institutional shareholders which own the majority of the company, along with the voting rights.

Who were the original investors in Starbucks?

Jun 16, 2020 · The top 5 shareholders of Starbucks are Vanguard Group, BlackRock, State Street, Magellan Asset Management, and former CEO Howard Schultz.

Who are the stakeholders of Starbucks?

Who owns Starbucks? Howard Schultz is the founder and the single-largest shareholder of Starbucks, also being the former CEO of the company. As per reports, Johnson wanted to bring Starbucks to the ‘inner city’ and convinced Schultz that the stores would work there.

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Is Starbucks privately owned?

As the company prepares for its initial public offering, Starbucks takes an extraordinary step and becomes the first privately owned U.S. company to offer a stock option program that includes part-time employees.Jul 18, 2016

Who is the largest shareholder of Starbucks?

The Vanguard Group, Inc.
Top 10 Owners of Starbucks Corp
Stockholder Stake Shares owned
The Vanguard Group, Inc. 8.15% 93,786,659
BlackRock Fund Advisors 4.49% 51,615,815
SSgA Funds Management, Inc. 4.22% 48,495,841
Geode Capital Management LLC 1.78% 20,440,456

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Who was the original owner of Starbucks?

Does Starbucks have any subsidiaries?

Starbucks Coffee International, Inc. Starbucks Coffee Japan, Ltd. Starbucks Coffee Korea Co., Ltd. Starbucks Coffee Netherlands B.V.

Does Magic Johnson own Starbucks?

While Magic Johnson owned Starbucks stores, he sold his 105 Starbucks franchises back to the company in 2010. As per the Los Angeles Times, Johnson was looking to invest in sports after some time.Jun 12, 2020

What happened to the original owners of Starbucks?

In 1987, the original owners sold the Starbucks chain to former director of marketing Howard Schultz, who rebranded his Il Giornale coffee outlets as Starbucks and quickly began to expand the company.

Does Pepsi own Starbucks?

Pepsi does not own Starbucks.

Both companies are publicly owned by shareholders. Pepsi trades under the stock symbol PEP and Starbucks trades under the symbol SBUX as a different entity.

How much does the CEO of Starbucks make?

$20.43 million
Starbucks Corp. SBUX, -0.84% disclosed that Chief Executive Kevin Johnson’s total compensation for 2021 totaled $20.43 million in 2021, up 39% from $14.67 million in 2020, which was down from $19.24 million in 2019.Jan 31, 2022
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Image Credit: What Your Starbucks Order Says About You | Thought Catalog

When did Starbucks open?

The first Starbucks opened in 1971 at Seattle’s historic Pike Place Market and went public two decades later in 1992. From its beginning as a single storefront serving fresh-roasted whole bean coffees, the company now has 32,000 stores in scores of countries. 1  Starbucks earned net income of $3.4 billion on annual revenue …

Who is Howard Schultz?

Howard Schultz is an American billionaire and one of Starbucks’ biggest shareholders. He remains chair emeritus of Starbucks after stepping down in 2018 from his roles as executive chair and board member of the company. 17 But his relationship to the company goes all the way back to the early 1980s when he first met Starbucks owners Gerald Baldwin …

Who is Matthew Johnston?

Matthew Johnston has more than 5 years writing content for Investopedia. He is an expert on company news, market news, political news, trading news, investing, and the economy. He received his bachelor’s degree in interdisciplinary studies from St. Stephen’s University and his master’s degree in economics at The New School for Social Research. He teaches macroeconomics at St. Stephen’s University.

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What is Magellan Asset Management?

Magellan Asset Management is an Australia-based asset and investment management company offering a range of financial products and services including, asset management, equities, ETFs, investment strategies, financial planning, and more.

Our Heritage

Our story begins in 1971 along the cobblestone streets of Seattle’s historic Pike Place Market. It was here where Starbucks opened its first store, offering fresh-roasted coffee beans, tea and spices from around the world for our customers to take home.

Coffee & Craft

It takes many hands to craft the perfect cup of coffee – from the farmers who tend to the red-ripe coffee cherries, to the master roasters who coax the best from every bean, and to the barista who serves it with care.

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Our Partners

We like to say that we are not in the coffee business serving people, but in the people business serving coffee. Our employees – who we call partners – are at the heart of the Starbucks experience.

We Believe in the Pursuit of Doing Good

As it has been from the beginning, our purpose goes far beyond profit. We believe Starbucks can, and should, have a positive impact on the communities we serve.

People

Our aspiration is to be people positive – investing in humanity and the well-being of everyone we connect with, from our partners to coffee farmers to the customers in our stores and beyond.

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Image Credit: Custom Disney Starbucks reusable venti cold cup, using …

Planet

We are striving to become resource positive – giving back more than we take from the planet. We are working to store more carbon than we emit, replenish more freshwater than we use, and eliminate waste. We know we can’t do it alone. It takes all of us.

Stories & News

Behind every cup of coffee is a story. Enjoy some of our favorites along with all the latest news from the storytellers at Starbucks Stories.

Who founded Starbucks?

Starbucks was founded by Jerry Baldwin, Gordon Bowker, and Zev Siegl, opening its first store in 1971 near the historic Pike Place Market in Seattle. The three Starbucks founders had two things in common; they were all coming from academia, and they all loved coffee and tea.

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When did Starbucks go public?

The company entered into a meteoric period of expansion that continued after the company went public in 1992. In 1996 it began opening stores outside North America, and Starbucks soon became the largest coffee-house chain in the world.

Where is Starbucks located?

Starbucks, American company that is the largest coffeehouse chain in the world. Its headquarters are in Seattle, Washington. The original Starbucks logo in a window of the company’s store at Pike Place Market, Seattle.

Who was Howard Schultz?

The Howard Schultz era. In 1981 Howard Schultz, a sales representative for Hammarplast, a Swedish company that made kitchen equipment and housewares from which Starbucks bought drip-coffee makers, noticed how large the company’s orders were, which prompted him to pay it a visit.

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Who was the head of marketing at Starbucks?

In 1981 Howard Schultz , a sales representative for Hammarplast, a Swedish company that made kitchen equipment and housewares from which Starbucks bought drip-coffee makers, noticed how large the company’s orders were, which prompted him to pay it a visit. Schultz was so impressed that he decided to pursue a career at Starbucks, and he was hired as the head of marketing in 1982. Schultz noticed that first-time customers sometimes felt uneasy in the stores because of their lack of knowledge about fine coffees, so he worked with store employees on developing customer-friendly sales skills and produced brochures that made it easy for customers to learn about the company’s products.

When did Schultz leave Starbucks?

Seeing that he would not be able to persuade Baldwin and Bowker to embrace the café idea, Schultz left Starbucks in 1985 and started his own coffee chain called Il Giornale, which was an immediate success, quickly expanding into multiple cities.

What is the largest city in the Pacific Northwest?

Seattle. Seattle, chief city of the state of Washington, U.S., seat (1853) of King county, the largest metropolis of the Pacific Northwest, and one of the largest and most affluent urban centres in the United States. A major port of entry and an air and sea gateway to Asia and Alaska,….

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When did Starbucks go public?

Starbucks Corp. ( SBUX) was founded nearly five decades ago, in 1971, with one store in Seattle’s Pike Place Market. The company went public in 1992 and has grown into a global coffee roaster and retailer with about 30,000 coffeehouses in more than 80 countries. 1  2  Today, Starbucks has a market capitalization …

What is teavana tea?

Teavana was a retail chain specializing in brewed and packaged loose-leaf tea, as well as tea accessories and related products. The first Teavana teahouse opened in 1997. 6  By the time Starbucks acquired it in 2012, the fast-growing retail chain had stores in hundreds of locations, all located in malls.

What is Ethos Water?

Founded in 2001, Ethos Water is a Starbucks subsidiary designed to raise awareness about water access issues for people in developing countries. The company also funds charitable grants for groups working to alleviate such problems, with five cents from each bottle of Ethos Water going to the Ethos Water Fund.

Overview

Starbucks Corporation is an American multinational chain of coffeehouses and roastery reserves headquartered in Seattle, Washington. It is the world’s largest coffeehouse chain.
As of November 2021, the company had 33,833 stores in 80 countries, 15,444 of which were located in the United States. Out of Starbucks’ U.S.-based stores, o…

Company overview

Starbucks was founded in 1971 by Jerry Baldwin, Zev Siegl, and Gordon Bowker at Seattle’s Pike Place Market. During the early 1980s, they sold the company to Howard Schultz who – after a business trip to Milan, Italy – decided to convert the coffee bean store into a coffee shop serving espresso-based drinks. As chief executive officer from 1986 to 2000, Schultz’s first tenure led to an aggressive expansion of the franchise, first in Seattle, then across the West Coast of the Unite…

History

Starbucks originally opened in Seattle, Washington, on March 30, 1971. It was founded by business partners Jerry Baldwin, Zev Siegl and Gordon Bowker who first met as students at the University of San Francisco: The trio were inspired to sell high-quality coffee beans and equipment by coffee roasting entrepreneur Alfred Peet. Bowker recalls that a business partner of his, Terry Heckler, thoug…

Products

In January 2008, Starbucks began a “skinny” line of drinks, offering lower-calorie and sugar-free versions of the company’s offered drinks that use skim milk, and can be sweetened by a choice of natural sweeteners (such as raw sugar, agave syrup, or honey), artificial sweeteners (such as Sweet’N Low, Splenda, Equal), or one of the company’s sugar-free syrup flavors.

Locations

The company’s headquarters is in Seattle, Washington, United States, where 3,501 people worked as of January 2015. The main building in the Starbucks complex was previously a Sears distribution center.
As of September 2020 , Starbucks had 32,660 locations spanning 79 countries and territories on six continents:

Corporate governance and identity

Kevin Johnson, who served as president and chief operating officer from 2015 to 2018, has been the chief executive of Starbucks since April 2017. Myron E. Ullman became the firm’s chairman in June 2018. Both Johnson and Ullman succeeded Howard Schultz, who served in both capacities from 2008 to 2017. Orin C. Smithwas president and CEO of Starbucks from 2001 to 2005, after wh…

Environmental and social policies

In 1999, Starbucks started “Grounds for your Garden” to make their business environmentally friendlier. This gives leftover coffee grounds to anyone requesting it for composting. Although not all stores and regions participate, customers can request and lobby their local store to begin the practice. In October 2008, The Guardiannewspaper reported that Starbucks was wasting 6.…

Music, film, and television

Hear Music began as a music catalog company in 1990, adding a few retail locations in the San Francisco Bay Area. Hear Music was purchased by Starbucks in 1999. In 2002, it produced a Starbucks opera album, featuring artists such as Luciano Pavarotti, followed in March 2007 by the hit CD Memory Almost Full by Paul McCartney, making McCartney the first artist signed to the …

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