MarketLine Blog

Posts tagged to Starbucks

Belinda Wong appointed CEO of Starbucks China as part of growth plan

MarketLine

A focus on China and on increasing store openings in the country has been part of the Starbucks strategy since the company felt the negative impact of recession. Prior to 2008, Starbucks had been growing rapidly in terms of store openings, revenues, and operating profit. However, this all changed as the recession hit and the company struggled to cope. As many countries around the globe fell into recession, the impact on Starbucks was strongly felt. This led to a shift in resources to growth in international markets. It was felt… Read more

Tax avoidance by large multinational companies in the UK is unfair to small businesses

  Starbucks has recently been in the news after it came to light that they have reportedly paid no tax in the UK for the last three years. Reuters has suggested that the company is making use of offshore licensing, steering profits to Switzerland, and intra-group funding to reduce the profits they earn in the UK. This has resulted in the company reporting losses, whilst expressing to investors how successful the UK arm of the business is. This contradiction is the result of tax avoidance through the use of an… Read more