Starbucks is looking to raise its profile among millennials by selling upmarket coffee at $10 (€9.30) a cup at a select number of ‘reserve’ brand stores and ‘tasting rooms’ in major cities as part of a five-year plan targeting annual revenue growth of 10%.

Starbucks — the world’s largest coffee-shop chain — has reported third-quarter revenue that missed analysts’ estimates after same-store sales growth slowed in the Americas, its biggest region.

Starbucks, increasingly counting on food sales to help maintain growth, has announced plans to invest in an Italian bakery business, which it intends to expand with new locations.

A lightbulb moment by a US coffee executive while cruising in the Caribbean has created a boom product, writes Jennifer Caplan.

Cafe goers need to “check nutritional advice” as a report reveals up to 25 teaspoons of sugar in some hot drinks. British campaign group, Action on Sugar, analysed 131 hot drinks sold by big brand coffee shops and revealed one-in-three contain nine teaspoons of sugar or more, making them as sugary as Coca Cola.

Starbucks plans to accelerate its expansion in China, shrugging off concerns about a slowdown in the coffee chain’s second-largest market behind the US and a potential further depreciation of the yuan.

Coffee Day Enterprises, the Indian cafe operator and coffee exporter, fell on its trading debut after the company and investors, including US private equity house KKR & Co, raised 11.5bn rupees (€159m) in India’s biggest share sale in three years.

Starbucks’s Irish operation paid €4,196 in corporation tax last year after two years of making no contribution to the State’s coffers.

Plans to locate a Starbucks to a much loved listed building in Cork has provoked outrage in some quarters. Ed Power looks at yet another US behemoth that is loved and loathed.

The Irish arm of coffee giant Starbucks brewed up impressive pre-tax profits of €745,707 in 2013 — but did not pay corporation tax.

People encouraged to support local firms that ‘struggled along’

International uproar over sweetheart deals being done by governments with multinational companies has had another ember added to the fire, with the EU’s competition authority announcing a detailed investigation of Starbucks’ Dutch companies.

Starbucks is moving its European headquarters from the Netherlands to the UK following a row over tax avoidance.

The Irish arm of coffee giant Starbucks increased its profits by 47% to €721,327 in 2012 — but paid no corporation tax.

USA: It was a caffeine-charged Hollywood whodunnit:

Sandy Hook Elementary School has been completely demolished — but one year after the shootings, Americans are as obsessed as ever with guns, says Suzanne Harrington.

European governments should co-ordinate their efforts to root out tax avoidance, which costs them around €1 trillion every year, the EU’s executive body said yesterday.

COSTS associated with the closure of more than 20% of Starbucks’ Irish outlets contributed to pre-tax losses which more than doubled last year.

He famously quit EMI after more than four decades, complaining he was being treated as “part of the furniture”.

Starbucks Corp plans to slash nearly 7,000 more jobs during a new round of store closures and other cuts, the company said as it reported that its profit dropped by more than two thirds in its fiscal first quarter.

Wall Street displayed some welcome signs of stability today, pushing the Dow Jones industrial average up nearly 190 points in a relatively calm session despite some gloomy economic news.

In a sign that the days of splurging on US$4 (€2.50) lattes may be over, Starbucks will close 600 US stores in the next year, as the faltering US economy hastened the pain caused by the company’s own rapid expansion.

Troubled Starbucks has sacked its chief executive, handing the reins back to chairman Howard Schultz in a major restructuring initiative to pull the company out of a downward slide.

Starbucks coffee drinkers will get a non-stop dose of Paul McCartney’s Memory Almost Full today as the coffee company’s new record label releases its first CD.

STARBUCKS Corporation has more than 10,000 retail locations in North America, Latin America, Europe, the Middle East and the Pacific Rim.

A record label is hiring a private detective because one of its artists – jazz singer Madeleine Peyroux – has gone missing.