Starbucks Corporation is an American international and multinational coffee maker chain based company headquartered located in Washington, United States. It was founded in 1971 by Jerry Baldwin, Zev Siegl and Gordon Bowker. Now it is known as a world’s largest coffeehouse company that opened its several numbers of restaurants and franchises around the world. The product sells includes Hot and Cold Drink, Ice Cream, Whole-bean Coffee, Tea, Pastries, Snacks, Sandwich, Breakfast, beverages, Smoothies and Pumpkin Spice Latte.
Starbucks Coffee job openings in Dubai
It was founded as a Seattle Coffee bean roaster in the United States. However, the company has expanded rapidly and widely after many efforts and invested the huge money in the advertising campaign. Between 1987 to 2007, when the company has been profitable, it was opened two stores everyday across the world on average.
Starbucks opened its first branch in the year of 1971 in Washington, USA by three San Francisco university students who became partners. The three students were inspired and learned everything from coffee roasting entrepreneur name was Alfred Peet. This is how they decided to start thinking to build their own coffeehouse company and at the end they built their own empire widely and effectively. Between 1971 to 1976, the company only sold roasted whole coffee beans during this time period. With the passage of time, the company began to sell green coffee beans, which were purchased from Peet’s and somehow the Starbucks’s owner started buying directly from growers instead to buy from a peet.
During this time period from 1980 to 1990, Starbucks was listed on the stock market and became private to public company. After 2 years of success journey, the company started its initial public offering (IPO) in June 1992. Starbucks had 140 outlets, with initial revenue of 73.5 million US Dollars which was eventually up from 1.3 Million US Dollars. Therefore, the company’s market value was around 271 million US Dollars by this time. After 4 months, Starbucks share price had risen up by 70% to over 100 times (EPS) the earning per share from the last year.
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