Product and analytic... • 1y
Many coffee shops with great coffee didn't succeed like Starbucks. The reason? "It was never about coffee." Howard Schultz transformed Starbucks into a multi-billion dollar empire, inspired by Italian coffee shops' customer experience. After buying Starbucks, he turned it from a bean retailer into a social hub. By 2008, Starbucks had over 17,000 stores globally. But here's the twist: Starbucks acts like a bank. Through its app, customers load money into their accounts, creating a balance of about $1.5 billion. This provides Starbucks with interest-free loans for growth. Starbucks thrives not just on coffee but on its innovative financial strategy. So, Starbucks was never just about coffee.
Designing Your Digit... • 1m
From Poverty to Coffee Empire – Howard Schultz Howard Schultz grew up in a poor housing complex in Brooklyn, New York. His father was a truck driver with low income and no job security. Howard often saw his family struggle to make ends meet. Despit
See MorePrev- Founder & CEO ... • 1y
The most overrated coffee Starbucks went from shutting down 600 stores in 2008 to closing 30Billion dollars in sales in 2024 From the beginning Starbucks was always a coffee bean retailer but Howard who joined the company as a director was impressed
See MoreFounder-Hexpertify.c... • 1y
“How Starbucks CEO saved the company ” Bankruptcy To Billions #8 Starbucks was founded by Jerry Baldwin, Zev Siegl, and Gordon Bowker, initially selling high-quality coffee beans.In 1987 Schultz purchased Starbucks and expanded agressively in USA.
See MoreHey I am on Medial • 1y
What are your toughts on this? Lets discuss. Coffee's getting really popular, and Zerodha founders Nikhil Kamath and Nithin Kamath are getting more into it. They own a bit of Third Wave Coffee and just bought a big chunk of Subko Coffee. If we loo
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