One of the biggest coffee chains in the world, Starbucks has more than 31,000 locations across the globe. It is a well-known fact that three partners in Seattle, Washington, created Starbucks in 1971. However, a lot of individuals are unsure of Starbucks’ present owner. The explanation is that Starbucks is a publicly traded business, meaning that its shareholders own it.
Kevin Johnson is the current CEO of Starbucks. He succeeded Howard Schultz, the long-serving CEO who is credited with building Starbucks into the powerhouse it is today. One of the biggest individual shareholders in the corporation, Howard Schultz continues to maintain a sizeable number of shares.
There are numerous nations that are renowned for producing the greatest coffee beans when it comes to the beverage. The top coffee-producing nations include Guatemala, Brazil, Colombia, Ethiopia, and Brazil. Different flavor characteristics result from the distinct coffee-growing regions, processing techniques, and roasting techniques used in each of these nations.
A few group of significant players dominate the coffee industry in the US. Folgers, Dunkin’, and Starbucks were the three most popular coffee brands in the United States in 2020, according to Statista. Given that Starbucks is the biggest coffee chain in the world, it is not surprising that it is also the country’s top seller of coffee.
You must complete Starbucks’ supplier diversity program if you want to work for the company as a vendor. This initiative aims to support women- and minority-owned small businesses in becoming Starbucks suppliers. To apply, you must meet certain requirements, such as holding a current business license and insurance, and submit an application through the Starbucks supplier diversity website.
Finally, you should be aware that Starbucks does not provide conventional franchises if you’re interested in creating a Starbucks franchise. Instead, they have a license system that enables private persons or businesses to run a Starbucks location. However, there are a lot of prerequisites to get a Starbucks operator license, and the corporation only takes a limited number of applications each year.
In conclusion, Starbucks is a business that is traded publicly, and Kevin Johnson is the CEO at the moment. Brazil, Colombia, Ethiopia, and Guatemala are some of the nations that produce the best coffee in the world. The most coffee is sold in the United States by Starbucks, the biggest coffee chain in the world. The Starbucks supplier diversity program must be completed in order to become a vendor for the company, and the licensing program must be applied for in order to operate a Starbucks location.