Who Owns Starbucks Coffee?
The widely known and beloved Starbucks Coffee company is a global powerhouse in the industry. With nearly 40,000 stores open in more than 80 countries, Starbucks is an industry leader. But many people want to know who owns Starbucks.
Howard Schultz: The Man Behind Starbucks
Howard Schultz is the famed entrepreneur responsible for turning a small Seattle coffee bean shop into an international superbrand. After seeing a small store called Starbucks in Seattle in 1981, Schultz was captivated by the potential of owning a coffee company. He was hired as the store’s sixth employee and quickly rose up the ranks to become its CEO in 1987.
The Starbuck’s Corporation
Starbucks is owned by its parent company, the Starbucks Corporation. This company is primarily owned by a variety of venture capitalists, investment firms, and banks. Some of the largest investors include JPMorgan Chase and Goldman Sachs. As of 2021, the Starbucks Corporation is publicly traded on the NASDAQ with a current market cap of over $70 billion.
Starbucks and Environmental Sustainability
In recent years, Starbucks has made great strides towards environmental sustainability. The company is committed to ensuring all its coffee shops have a positive impact on the environment. Starbucks aims to reduce waste, water usage and carbon emission. Some of their efforts include using reusable packaging, decreasing energy consumption, and reducing plastic waste.
Benefiting Local Communities
In addition to its sustainability efforts, Starbucks is actively involved in giving back to the communities it serves. The company works with local farmers to source quality coffee beans, creates job opportunities in impoverished communities and donates to local charities. Since the company began, Starbucks has donated millions of pounds of food and millions of dollars to charitable causes.
In conclusion, Starbucks is an internationally renowned coffee company that is owned by its parent company, the Starbucks Corporation. With its focus on environmental sustainability and dedication to making a positive impact on local communities, Starbucks is an inspiring example of corporate social responsibility.