The number one figure of Starbucks, whose revenues are decreasing day by day, has resigned.

13.08.2024 17:50

The CEO of the famous coffee chain Starbucks, Laxman Narasimhan, has resigned and Brian Niccol has been appointed as his replacement. The company, which was affected by the boycott against international firms supporting Israel, saw a 0.6% decrease in revenue and a 3% decline in global sales in the April-June period.

The CEO of coffee chain Starbucks, Laxman Narasimhan, who has reported a decline in revenue for the past two quarters, has stepped down from his position.

In a statement released by Starbucks, it was announced that Narasimhan has resigned from his role as CEO and as a member of the company's board of directors. The statement also mentioned that Brian Niccol, who currently serves as the CEO of Chipotle, has been appointed as the president and CEO of Starbucks, and will assume his new role on September 9th.

The statement further stated that Rachel Ruggeri, the Chief Financial Officer (CFO) of Starbucks, will serve as the interim CEO until the mentioned date.

FIRST DECLINE SINCE 2020

Starbucks, which has faced protests and boycott campaigns due to Israel's attacks on Gaza, has been negatively affected in its financial results in the past two quarters. The revenue of the American coffee chain decreased by 2% in the January-March period, marking its first decline since the end of 2020. In the April-June period, the company's revenue decreased by 0.6% and its global sales declined by 3%.

The number one figure of Starbucks, whose revenues are decreasing day by day, has resigned.

FIRST DECLINE SINCE 2020

Latest News

"Mourinho's words that infuriated the fans after the defeat: They were like a team too."

"Okan Buruk's response to the fan who called out to him became a sensation."

"They continued to cheat even during Ramadan! What comes out of the sausage and lahmacun is unbearable."

"The disaster was averted: It was engulfed in flames while 4 children were inside."

"The clothes Ece Gürel was wearing at the time will be examined."

"He went to the hospital with a complaint of headache and passed away 15 days later."

"Neslihan Atagül and Kadir Doğulu have become parents for the first time."

"In the investigation of 'urban reconciliation' involving municipalities, a prison sentence is requested for 10 suspects."

"The person whom everyone thought was an MIT officer defrauded dozens of people."

"A pregnant woman fell from the third floor while hanging laundry and lost her life."

"The strange fact about the place where architect Ece Gürel is located."

"The famous supermarket chain has removed Ülker products from its shelves! Here is the reason."

"New look from Demet Özdemir! Those who saw it were enchanted."

""Like a declaration of World War III! France's nuclear weapon move.""

"China openly challenged Trump: If the U.S. wants war, we are ready for war."

"The U.S. has suspended intelligence sharing with Ukraine."

"He wanted to donate his kidney to his son, but it turned out he had cancer."

"An indictment has been prepared against 62 suspects accused of abducting a member of the Sarallar organization abroad."

""The campaign that treats citizens like fools at the chain supermarket.""

"The provinces in Turkey with the most and the least gold have been redefined."

"In the armed conflict, a young man with Down syndrome, who had no connection to the incident, was shot in the heart."

"Ekrem İmamoğlu gave a statement in the "fake diploma" investigation."

"The star football player who took off Sneijder's number 10 is coming to Fenerbahçe."

"Survivor contestants have caused trouble for Acun! He will have to pay a fortune."

"An interesting incident in the conference hall! He was thrown out of the hall for not listening to the warnings."