Starbucks Investors See a New Brew
With a new CEO and slowing growth in China, the coffee chain is facing challenges
By [Author's Name]
Starbucks, the world's largest coffee chain, is facing a number of challenges, including slowing growth in China, a new CEO, and too many baristas in the boardroom. The company's US sales have also declined by 90 billion, adding to the pressure on the new CEO.
Starbucks has been a notable battleground for the resurgence of unionization in the United States. In recent months, workers at dozens of Starbucks stores have voted to unionize, a move that has been met with mixed reactions from the company.
The company's new CEO, Laxman Narasimhan, has a lot of work to do to turn things around. He will need to find a way to boost sales in China, reduce costs, and improve the company's relationship with its employees. If he can do all of those things, Starbucks could once again become a growth stock.
Only time will tell if Narasimhan can turn things around at Starbucks. But one thing is for sure: the coffee chain is facing a number of challenges, and it will take a strong leader to overcome them.
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