Activist investment firm Starboard Value acquires stake in Starbucks amid criticism and sales decline.

Activist investment firm Starboard Value has reportedly acquired a stake in Starbucks Corp, according to unnamed sources cited by the Wall Street Journal. This comes as Starbucks faces criticism from former CEO Howard Schultz for its performance and a decline in sales. Starbucks is already in discussions with another activist investor, Elliott Investment Management.

August 09, 2024
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