WEST PALM BEACH, Fla., Aug. 13, 2024 /PRNewswire/ -- Elliott Investment Management L.P. ("Elliott"), today released the following statement from Elliott Managing Partner Jesse Cohn and Partner Marc Steinberg regarding Starbucks Corporation (NYSE: SBUX) (the "Company" or "Starbucks") and its engagement with the Company:Elliott has become one of the largest investors in Starbucks because of our confidence in the long-term value-creation opportunity we see at one of the world's most important brands. Elliott h ...

Key TakeawaysStarbucks shares surged Tuesday after announcing the hiring of Chipotle CEO Brian Niccol to replace Laxman Narasimhan.Niccol will take the Starbucks job Sept. 9, and Chipotle COO Scott Boatwright will take over as interim CEO once Niccol departs.The move comes as Starbucks has faced pressure from activist investors Elliott Investment Management and Starboard Value, who reportedly had bought stakes and advocated for change. Starbucks (SBUX) shares jumped 13% higher before the opening bell Tuesda ...

Starbucks announced on Tuesday that it is replacing CEO Laxman Narasimhan with Chipotle chief Brian Niccol, marking the coffee giant's fourth chief executive in two years.  Niccol will take over as CEO of the coffee chain starting Sept. 9 following his six-year stint at Chipotle.Narasimhan, who was tapped to take over for interim CEO Howard Schultz in March 2023, is also stepping down from Starbucks' board effective immediately.  SUPREME COURT SIDES WITH STARBUCKS IN CASE OVER FIRED PRO-UNION WORKERS Starbu ...

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Starbucks announced Tuesday it will be replacing current CEO Laxman Narasimhan with Chipotle leader Brian Niccol after months of slowing sales, according to reports. The company said Niccol — who has been widely praised for a turnaround at Chipotle that has boosted the burrito chain’s stock by more than 50% over the past year — will assume the executive position on Sept. 9, according to The Wall Street Journal. The sudden change in leadership follows a 20% stock drop for Starbucks since Narasimhan took the ...

文章核心观点 - 美式餐饮公司Chipotle的CEO Brian Niccol将于8月31日离职,转任星巴克CEO [1][2][3] - Chipotle任命首席运营官Scott Boatwright为临时CEO,同时首席财务官Jack Hartung将无限期留任协助过渡 [3] - Chipotle在Niccol的领导下,股价上涨超过700% [2] - Chipotle近期业绩表现强劲,同店销售增长11.1%,收入达29.7亿美元 [5][6] 公司概况 - Chipotle是一家美式餐饮公司,在Niccol的领导下渡过了食品安全危机和疫情 [7] - Niccol此前曾担任Taco Bell的CEO [7] 行业动态 - 与其他餐饮企业相比,Chipotle的同店销售和客流量表现较为出色 [5]

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Starbucks announced Tuesday it's replacing CEO Laxman Narasimhan with Chipotle CEO Brian Niccol.Shares of Starbucks rose 10% in premarket trading on the news.Narasimhan took over as chief executive in March 2023. The coffee giant's performance has struggled this year, hurt by weak sales in the U.S. and China. Activist investors Elliott Management and Starboard Value had acquired stakes in the company in recent weeks.Starbucks CFO Rachel Ruggeri will step in as interim chief executive until Sept. 9, when Nic ...

U.S. stocks traded mixed toward the end of trading, with the S&P 500 edging higher on Monday.The Dow traded down 0.47% to 39,310.03 while the NASDAQ rose 0.17% to 16,773.12. The S&P 500 also fell, dropping, 0.08% to5,339.84.Leading and Lagging SectorsInformation technology shares climbed by 1% on Monday.In trading on Monday, real estate shares fell 1.1%.Top HeadlineStarbucks Corp SBUX shares gained around 2% on Monday following a report suggesting activist investor interest is brewing.According to a Wall St ...

Key TakeawaysA report that hedge fund Starboard Value has taken a stake in Starbucks sent shares of the world's biggest coffee chain higher Monday.The Wall Street Journal said it wasn't clear the size of Starboard's investment or what changes it may be calling for.Starbucks already is in settlement negotiations with activist investor Elliott Investment Management, which the paper said has also taken a stake in the company. Starbucks (SBUX) shares advanced in intraday trading Monday on word hedge fund Starbo ...