Economics

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submitted 4 months ago by MicroWave to c/economics

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Starbucks has ousted CEO Laxman Narasimhan, effective immediately.
Chipotle CEO Brian Niccol will step in as the coffee chain’s new leader on Sept. 9.
Starbucks’ sales have struggled in recent quarters due to shrinking demand in the U.S. and China, its two largest markets.

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[–] JigglySackles 6 points 4 months ago* (last edited 4 months ago)

All the more reason to abandon Starbucks and just make your own coffee.

Sorry, that was a little off topic for the subs purpose. Economically, I'd expect them to ruin it as bad as Chipotle.