Starbucks CEO Howard Schultz calls new olive oil coffee drinks 'transformational'
Publishing timestamp: 2023-02-22 13:43:25
Summary
Starbucks' interim CEO Howard Schultz believes the company's new line of olive oil-infused coffee drinks will be a "market-maker" in the industry. The drinks will launch in Italy before arriving in some U.S. markets this spring. Schultz is stepping down from his interim CEO role in April and will be replaced by Laxman Narasimhan. He believes the company will see a rebound in consumer demand and that the "wind is at our back."
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Keywords: restaurants, starbucks corp, business, howard schultz, jim cramer, food and drink, retail industry, business news,
Source: https://www.cnbc.com/2023/02/21/starbucks-ceo-howard-schultz-touts-new-olive-oil-coffee.html